Ratio of the principal to simple interest is 4:1 . If rate of interest and…

2024202420232023

Ratio of the principal to simple interest is 4:1 . If rate of interest and time is equal then find the number of years ?

  1. A.

    5 years

  2. B.

    8 years

  3. C.

    10 years

  4. 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.

  1. 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.

  2. 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

  3. 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.

Explore the full course: Cognizant Preparation