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