. In how much time will a certain sum be 1.5 times the principal at 10% per annum
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. In how much time will a certain sum be 1.5 times the principal at 10% per annum
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Answer:
15 year because 1.5 = 15
Answer:
Let N be the period.
P principal amount.
A final amount
S.I. simple interest
R rate 10%
A=1.5×P
S.I. = A-P
=1.5P-P
=0.5P
S.I.= P×N×R/100
0.5P=P×10×N/100
by solving
N= 5 yrs