Question

In how much time would the simple interest on a certain sum be 0.125
times the principal at 10% per annum?


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Answer 1

Answer:

Let the principal/sum be x.

Given SI = 0.125 = 1/8 x, R = 10%.

We know that Time = (100 * SI)/(P*R)

= 100 * x/x * 8 * 10

= 5/4 (or) 1 1/4 years.