5years (5 years 4 months). TIMU LITO JUof the sum. If the rate is 4% p

1.	5years (5 years 4 months). TIMU LITO JUof the sum. If the rate is 4% per annum,5. Simple interest on a sum of money isfind the time.money double itself in eight years?
Answer» We know ,t=(n-1)×100/rHere , t=(9×2×100)/(16×9)or , t=12.5% let sum P=ySI=(9/16)yR=4½%=9/2%time,t=?NowSI=(PxRxT)/100(9/16)y=(yx9xt)/(2x100)t=(9x100x2)/(9x16)t=100/8t=12(4/8)years 12.5 % is the right answer

5years (5 years 4 months). TIMU LITO JUof the sum. If the rate is 4% per annum,5. Simple interest on a sum of money isfind the time.money double itself in eight years?

Answer»

We know ,t=(n-1)×100/rHere , t=(9×2×100)/(16×9)or , t=12.5%

let sum P=ySI=(9/16)yR=4½%=9/2%time,t=?NowSI=(PxRxT)/100(9/16)y=(yx9xt)/(2x100)t=(9x100x2)/(9x16)t=100/8t=12(4/8)years

12.5 % is the right answer