Question 55

The simple interest on a sum fora certain number of years, same as the rate percentage of the interest, is equal to the sum itself. The numberof years is equal to:

Solution

S.I = $$\frac{P \times r \times t}{100}$$

In this case S.I = P

and r = t

P = $$\frac{P \times t \times t}{100}$$

$$t^2 = 100$$ => t =10

So , the answer is option b)10.


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