Question

Simple interest on a sum of money is 9/16 of the sum. If the rate is 9/2% per annum, find the time. ​

Answer 1

HERE IS YOUR ANSWER DEAR:

Now, let the sum of money or principle be X.

GIVEN:

Simple interest = 9/16 × X

=9X/16

Rate = 9/2% per annum

TO FIND:

"THE TIME"

SOLUTION:

According to the formula:

T= (S.I × 100)÷(P × R)

= (9X/16 × 100) ÷ (X × 9/2)

=(900X/16) ÷ (9X/2)

=900X/16 × 2/9X

=100/8

=25/2 years ANSWER

OR

12.5 years ANSWER

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