-
If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
-
- 20 years
- 30 years
- 10 years
- 22 years
- 20 years
Correct Option: A
Let the principal be P and rate of interest be r %
According to the question,
= | ||
100 | 100 |
⇒ 30 = 6 R
⇒ R = 5
Now, let interest be equal to principal in T years.
∴ P = | |
100 |
⇒ T = | = 20 Years. | |
5 |
Second method to solve this question :
Here , n = | = | , T = 6 Years. | ||
100 | 10 |
⇒ RT = n × 100
R × 6 = | × 100 | |
10 |
R = 5%
As, S.I. = P
⇒ SI = | |
100 |
100 = RT
100 = 5 × T
This is possible only when T = 20.