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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 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 | 23 Sep, 2016, 11:59: AM
answered-by-expert 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 | 23 Sep, 2016, 01:59: PM

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