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Question
In what time will the interest on a certain sum of money at 6% be 5/8 of itself
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Solution
Sol :
Consider the sum = x .
Given that sum of money at 6% be 5/8 of itself.
Therefore, S.I = 5x / 8.
T = (S.I × 100) / P × R.
T = ((5x/8) ×100) / (x × 6)
T = (5×100) / (8×6)
T = 125/12
T =10(5/12) ( mixed fraction)
That is 10 years and 5 months.
Consider the sum = x .
Given that sum of money at 6% be 5/8 of itself.
Therefore, S.I = 5x / 8.
T = (S.I × 100) / P × R.
T = ((5x/8) ×100) / (x × 6)
T = (5×100) / (8×6)
T = 125/12
T =10(5/12) ( mixed fraction)
That is 10 years and 5 months.
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