Question

In what time will rs 8750 at 8% p.A. Simple interest will can a total interest of 6/25th of the principal?

Answer 1

Answer:

The required time is 3 years

Step-by-step explanation:

Formula used:

$Simple\:interest=\frac{P\:n\:r}{100}$

Given:

$Total\:interest=\frac{6}{25}(Princial)$

$\frac{P\:n\:r}{100}=\frac{6}{25}(8750)$

$\frac{(8750)(n)(8)}{100}=\frac{6}{25}(8750)$

$\frac{8n}{100}=\frac{6}{25}$

$8n=\frac{6}{25}(100)$

$8n=(6)(4)$

$8n=24$

$n=3\:years$