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I n space w h a t space t i m e space w i l l space b e space t h e space i n t e r e s t space b e space 2 over 5 space o f space t h e space p r i n c i p l e space a t space 8 percent sign space p. a.

Please provide solution to this question

Asked by Topperlearning User 23rd September 2016, 11:52 AM
Answered by Expert
Answer:

L e t space t h e space p r i n c i p l e space b e space R s. x
T h e r e f o r e space t h e space i n t e r e s t space equals space R s space 2 over 5 x space comma
R a t e space equals space 8 percent sign
N o w comma
space S I equals space fraction numerator P cross times R cross times T over denominator 100 end fraction
T h e r e f o r e space T space equals space fraction numerator 100 I over denominator P R end fraction
space space space space space space space space space space space space space space space space space space space space space space space space space space equals space fraction numerator 100 cross times begin display style 2 over 5 end style x over denominator x cross times 8 end fraction equals fraction numerator 100 cross times begin display style 2 over 5 end style over denominator 8 end fraction equals space 5 space y e a r s
h e n c e comma space t h e space r e q u i r e d space t i m e space i s space 5 space y e a r s.

Answered by Expert 23rd September 2016, 1:52 PM
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