the principal at a certain rate of interest Doubles in 5 years by simple interest in how many years the same principle with the same rate of interest becomes five times
Answers
In 20 years the same principle with the same rate of interest becomes five times
•Let Principle = x Rs & rate = r
•Time period = t
Case 1
• Final Amount = 2x Rs
•Principle = x Rs & rate = r
• t = 5 years
• Simple intrest = Final Amount -
Principle
• SI = 2x-x
• SI = x Rs
• (P×R×T)/100 = x
• x.R×5 = 100x
• R = 20 %
Case 2
• Final Amount = 5x Rs
•Principle = x Rs & rate = 20 %
• Time period = t years
• Simple intrest = Final Amount -
Principle
• SI = 5x-x
• SI = 4x Rs
• (P×R×T)/100 = 4x
• x×20×t= 400x
• t = 20 years
The time after which the amount becomes five times is 25 years
Step-by-step explanation:
Given as :
For simple interest
Statement I
The principal at a certain rate of interest Doubles in 5 years
Let The initial principal = Rs p
Amount after 5 year = A = 2 p
The rate of interest = r%
The time period = 5 years
∵ Interest = Amount - principal
Or, interest = 2 p - p = p
From simple interest method
S.I =
Or, p =
Or, R = = 20%
So, The rate of interest = 20%
Again
Statement II
The initial principal = Rs p
Amount after 5 year = A = 5 p
The rate of interest = r% = 20%
The time period = T
∵ Interest = Amount - principal
Or, interest = 5 p - p = 4 p
From simple interest method
S.I =
Or, 5 p =
Or, T =
∴ T = 25 years
So, The time period = T = 25 years
Hence, The time after which the amount becomes five times is 25 years Answer