Ratio of the principal to simple interest is 4:1 . If rate of interest and…
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Ratio of the principal to simple interest is 4:1 . If rate of interest and time is equal then find the number of years ?
- A.
5 years
- B.
8 years
- C.
10 years
- D.
2 years
Attempted by 19 students.
Show answer & explanation
Correct answer: A
Step-by-Step Solution
To find the number of years, we use the simple interest formula while applying the given ratios and conditions.
Understand the given conditions:
The ratio of the Principal (P) to Simple Interest (SI) is 4:1. This means P/SI = 4/1, or P = 4 * SI.
The rate of interest (R) is equal to the time (T). Let R = T = t.
Set up the equation:
Use the standard Simple Interest formula: SI = (P * R * T) / 100
Substitute P = 4 * SI and R = T = t into the formula:
SI = ((4 * SI) * t * t) / 100
Solve for t:
Divide both sides by SI (assuming SI is non-zero):
1 = (4 * t^2) / 100
1 = t^2 / 25
t^2 = 25
t = 5
The number of years is 5 years.