In what Time will the Simple Interest be 2/5 of the Principal at 8% per Annum?

  1. 8 years
  2. 7 years
  3. 5 years
  4. 6 years
Monis Rasool Professor Asked on 23rd May 2015 in Maths.
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1 Answer(s)

Answer: (c) 5 years

Explanation:-

Given- Rate = 8%,

Let P = X and time = T

According to question, 2X/5 = (X x 8 x T)/100
T = 5 years

Hence, in 5 years will the simple interest be 2/5 of the principal at 8% per annum.

Anurag Mishra Professor Answered on 23rd May 2015.
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