what time will the simple interest on a certain time be three fourth of the principal at 6% per annum
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Answered by
1
║⊕ANSWER⊕║
Let the principal amount be Rs. 100
Simple interest should be three fourth (3/4th) of the principal.
So, the simple interest = (100*3)/4
= Rs. 75
GIVEN
P = Rs. 100
Rate of Interest = 6 %
Time = ?
Simple Interest = Rs. 75
Simple Interest = P*R*T/ 100
⇒ 75 = (100*6*T)/100
⇒ 75*100 = 600T
⇒ T = 7500/600
⇒ T = 25/2 or 12 years and 6 months
So, in 12 years and 6 months the simple interest on a certain principal will be three-fourth of that principal at 6 % per annum.
Answered by
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Step-by-step explanation:
let the principal be Rs. x and the time taken be n years
I=p*t*r/100
According to Q.
(3/4)*x=x*n*6/100
3/4=n*3/50 (canceling x on both sides)
3n/50=3/4
n=(50/3)*(3/4)
n=50/4
n=12•5years
or, 12 years & 6 months.
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