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In how much time would the simple interest on a certain sum be 0.125 times the principal at 10% per annum? |
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Answer» 1 1/4 years Let SUM = X. Then, S.I. = 0.125x = 1/8 x, R = 10% TIME = (100 * x) / (x * 8 * 10) = 5/4 = 1 1/4 years. |
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