Sum
In what time will the interest on a certain sum of money at 6% be `5/8` of itself?
Advertisement Remove all ads
Solution
Let P = Rs.8
Interest = Rs.`8xx5/8` = Rs.5
R = 6%
T =`(100xx"I")/("P"xx"R")`
`=(100xx5)/(8xx6)`
`=500/48=125/12` years
`=10 5/12` years
= 10 years 5 months
`[∵ 5/12"year"=5/12xx12 "months"=5 "momths"]`
∴ Time = 10 years 5 months
Concept: To Find the Principle (P); the Rate Percent (R) and the Time
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads
Advertisement Remove all ads
