Question

In what time a capital becomes five times at the interest rate of 10% p.a.?​

Answer 1

Step-by-step explanation:

Let the principal be P

R = 10%

T = ?

SI = 5 × p

ATP,

SI = P×R×T

5P = P×10×T ÷ 100

T = 50.

Therefore, Time = 50 years