Question

In what time a certain sum will become 2 1/2 time at 6 p.c.p.a. Please. Explain

Answer 1

Answer:

in 41 years 8 months sum will become 2 1/2 times the principal amount

Step-by-step explanation:

Simple interest =2.5 Principal amount

rate R = 6 % per anum

we know that sum will become 2.5 times the principal amount, put this simple interest equations

we get

SI=PTR/100

2.5 P =PT*6/100

T=2.5*100/6

T = 250/6

T = 41.66 years

0.66 years means 8 months

T. = 41 years 8 months

hence in 41 years 8 months sum will become 2 1/2 times the principal amount