The simple interest on a sum fora certain number of years, same as the rate percentage of the interest, is equal to the sum itself. The number of years is equal to:
Show answer & explanation
Correct answer: B
Explanation
Correct Answer is option 2 i.e. 10
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Concept |
Understanding |
Application |
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SI = P×R×T/100 |
Given: T = R and SI = P |
SI = PRT/100 ⇒ P = PT2/100 ⇒ T2= 100 ⇒ T = 10 years |