simple interest on a certain sum is 16 upon 25 of the sum find the rate percent and time if both are numerically equal
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Heya.....
Here's your answer......
Let the sum/principal be x.
Given that Simple interest on a certain sum is 16/25 of the sum.
SI = 16/25 * x
= 16x/25.
Now,
Given that Rate and Time are numerically Equal.
Let the rate of interest and Time be R years.
We know that SI = PTR/100
16x/25 = x * R * R/100
16x/25 = xR^2/100
16/25 = R^2/100
1600 = 25R^2
1600/25 = R^2
64 = R^2
R = 8.
Therefore the Rate = 8% and Time = 8 years.
Thanks...!!!
XD
Sorry baby 'wink'
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