Question 76

A sum borrowed at 6% p.a earns a simple interest which is 1/3rd of its principal in x years. Find x.

Solution

Let say , principal amount= P.

So,interest earn=6Px/100.

So, (6Px/100)=P/3

or,P=(100)/(3×6)

or,P=50/9

So,P=$$5\frac{5}{9}$$

A is correct choice.

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