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Question

In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum?

A
15 months
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B
12 months
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C
18 months
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D
21 months
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Solution

The correct option is C 15 months
Let sum be x.
S.I.=0.125x=18x
We know Time=100×S.I.P×R
=100×18xx×10
=100×xx×8×10
Therefore, Time=54=114 years =15 Months

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