At 10% per annum, in how much time will the simple interest on a certain sum…
2024
At 10% per annum, in how much time will the simple interest on a certain sum be 0.125 times the principal?
- A.
1 + (1/4) years
- B.
1 + (3/4) years
- C.
2 + (1/4) years
- D.
2 + (3/4) years
Attempted by 31 students.
Show answer & explanation
Correct answer: A
Formula: SI = P × R × T / 100.
Given: SI = 0.125P and R = 10% per annum.
Calculation: 0.125P = P × 10 × T / 100, so 0.125 = 0.10T.
Time: T = 0.125 / 0.10 = 1.25 years = 1 + 1/4 years.
Correct answer: 1 + 1/4 years.