Practicing Success
In how much time sum of money becomes 6 times at 25% simple interest? |
25 years 15 years 20 years 30 years |
20 years |
6 times means: If Principal = 1R, then Amount = 6R, so SI = 5R T =\(\frac{SI × 100}{PR}\) = \(\frac{5 × 100}{1 × 25}\) = 20 years |