Question
In how many years will the simple interest on a sum of money be equal to the principal at the rate of 16$2/3$% per annum ?
Answer: Option D
Answer: (d)Using Rule 1,Let the principal be x.Time = $\text"SI × 100"/\text"Principal × Rate"$= ${x × 100 × 3}/{x × 50}$ = 6 years
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Answer: (d)Using Rule 1,Let the principal be x.Time = $\text"SI × 100"/\text"Principal × Rate"$= ${x × 100 × 3}/{x × 50}$ = 6 years
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