Simple Interest Practice Test 1

Question : 10 of 40

Marks: +1, -0

In how many years would the simple interest on a certain sum be 1.5 times the principal at 12% per annum?

Solution:

Let the principal be Rs x.
Then,
SI = 1.5x

∴\Time ={100×SI}/{P×R}

={100×1..5x}/{x×12}

=12.5\years

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