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Multiple choice

In how much time will the simple interest on a certain sum of money be 6 5 times of the sum at 20% per annum?

  1. 7 years

  2. 8 years

  3. 5 years

  4. 6 years

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SI = (P * R * T) / 100. Given SI = 6/5 * P. So 6/5 * P = (P * 20 * T) / 100. 6/5 = T / 5. T = 6 years.

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