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No need to find colleges in other sites, this is the best site in India to know about any colleges in India. Ashish KumarEngineering Aspirant Related The time required for a sum of money to amount to five times itself at 16% simple interest p.a. will bea)25 yearsb)20 yearsc)15 yearsd)18 yearsCorrect answer is option 'A'. Can you explain this answer? GIVEN: Rate of Interest = 16% FORMULA USED: Simple Interest = (P × R × T)/100 CALCULATION: Let Principal = x Amount = 5x Simple Interest = 5x - x=4x Simple Interest = (P × R × T)/100 4x = (x × 16 × T)/100 T = 25 years. Alternate method: Principal (100) → amount (500) So, interest = 500 - 100 = 400 @ 16% Therefore, required time = 400/16 = 25 years
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In what time will a sum of money at 12% per annum simple interest?In this problem, it is given that the rate is 12 % per annum and we need to find the time in which the principal amount doubles. The total amount at the end of N years is the sum of simple interest and the principal amount. Hence, the required time is 8 years and 4 months.
How many years does a sum of money becomes 3 times itself at 12.5% pa simple interest?Solution : Let T years be the required time period. <br> Given that, <br> Amount `(A)=3 xx ` Principal (P) <br> `therefore P(1+(TR)/(100))=3P` <br> `implies 1+(12T)/(100)=3 implies T=(200)/(12)=16(2)/(3)` years <br> Hence, required time period`=16(2)/(3)` years.
In what time does a sum of money become 4 times?A sum of money at simple interest becomes four times in 24 years.
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In how many years will a sum of money becomes four times at 12 p.a. simple interest
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