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