Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

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 w i l l space a space s u m space o f space m o n e y space t r e b l e space i t s e l f space i n space 6 1 fourth y e a r s.

Please provide solution to this question

Asked by Topperlearning User 23rd September 2016, 11:59 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 a m o u n t space equals space R s. space 3 x
A n d space i n t e r e s t space equals space A m o u n t minus space S i m p l e space i n t e r e s t
space space space space space space space space space space space space space space space space space space space space space space equals R s space 3 x space minus R s space x space equals R s space 2 x
T i m e left parenthesis T right parenthesis equals 6 1 fourth y e a r s space equals space 25 over 4 y e a r s
N o w comma space I n t e r e s t space equals space fraction numerator P cross times R cross times T over denominator 100 end fraction
space T h e r e f o r e comma
R space equals fraction numerator I cross times 100 over denominator P cross times T end fraction equals space fraction numerator 100 cross times 2 x over denominator x cross times begin display style 25 over 4 end style end fraction equals space fraction numerator 100 cross times 2 cross times 4 over denominator 25 end fraction equals space 32
T h u s comma space t h e space r a t e space o f space i n t e r e s t space i s space 32 percent sign space p. a

Answered by Expert 23rd September 2016, 1:59 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Chat with us on WhatsApp