11. A certain sum of money doubles itself in 8 years. In how much time will it become 4 times of itself at
the same rate of interest?
12. The difference between simple interest on a sum of money for 5 years and for 3 years at 5% per annum
2600. Find the sum.
13. If a certain principal amounts to $55,000 at 15% per annum over 4 years, how much will it amount to in 6 years?
14. Divide 317,100 into two parts such that the simple interest on the first part for 3 years at 7% per annum is equal to the simple interest on the second part for 4 year at 9% per annum.
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Answered by
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Answer:
According to the question data --
to find :
T = ?
given data :
P = p
A = 4 x p
A = 4p
R = 12.5%
=> SI = A - P
=> SI = 4p = p
=> SI= 3p
=> T = ( SI x 100 ) / (P x R)
=> T = (3p x 100 ) 100 / p x 12.5
=> T = 3 x 200 /25
=> T = 24years <= answer
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