In how much time sum of money becomes 6 times at 25% simple interest?
Answer & explanation
Correct answer: option 3
6 times means:
If Principal = 1R, then
Amount = 6R, so
SI = 5R
T =\(\frac{SI × 100}{PR}\) = \(\frac{5 × 100}{1 × 25}\) = 20 years
In how much time sum of money becomes 6 times at 25% simple interest?
Correct answer: option 3
6 times means:
If Principal = 1R, then
Amount = 6R, so
SI = 5R
T =\(\frac{SI × 100}{PR}\) = \(\frac{5 × 100}{1 × 25}\) = 20 years