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If the simple interest for 6 years be equal to 30% of the principal, it will be equal to the principal after
Answer & Solution
Correct Answer:
Option
B
$$\eqalign{
& {\text{Let sum}} = {\text{Rs}}{\text{. }}x \cr
& {\text{Then,}} \cr
& {\text{S}}{\text{.I}}{\text{.}} = 30\% \,{\text{of}}\,{\text{Rs}}{\text{.}}\,x \cr
& \,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{.}}\frac{{3x}}{{10}} \cr
& {\text{Time}} = 6\,{\text{years}}{\text{.}} \cr
& \therefore {\text{Rate}} = \left( {\frac{{100 \times 3x}}{{10 \times x \times 6}}} \right)\% \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 5\% \cr
& {\text{Now, sum}} = {\text{Rs}}{\text{. }}x \cr
& {\text{S}}{\text{.I}}{\text{.}} = {\text{Rs}}{\text{. }}x \cr
& {\text{Rate}} = 5\% \cr
& \therefore {\text{Time}} = \left( {\frac{{100 \times x}}{{x \times 5}}} \right){\text{years}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 20\,{\text{years}} \cr} $$
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