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ICSE Class 6 Answered

A t space w h a t space r a t e space p e r c e n t space p e r space a n n u m space s i m p l e space i n t e r e s t space w i l l space a space s u m space t r e b l e space i n space 16 space y e a r s Please provide solution to this question
Asked by Topperlearning User | 23 Sep, 2016, 12:06: PM
answered-by-expert Expert Answer

L e t space t h e space s u m space b e space R s space 100 t h e r e f o r e space a m o u n t space equals space R s. space 100 space cross times space 3 space equals space R s. space 300 a n d space S I space equals A minus space P space equals space R s. space 300 space minus space R s. space 100 space equals space R s.200 T i m e left parenthesis T right parenthesis space equals 16 space y e a r s R a t e space equals space fraction numerator S I cross times 100 over denominator P cross times T end fraction equals space fraction numerator 200 cross times 100 over denominator 100 cross times 16 end fraction equals space 25 over 2 percent sign equals space 12 1 half percent sign space p. a space A n s

Answered by | 23 Sep, 2016, 02:06: PM

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