2015 · Q19
In how much time would the simple interest on a principal amount be 0.125 times the principal amount at 10% per annum?
Elementary MathematicsSimple and Compound Interest
- A11/4 years
- B13/4 { years}
- C21/4 years
- D23/4 years
Explanation
SI = P·R·T/100 gives 0.125P = P·10·T/100, so T = 1.25 = 1¼ years (option A; the option text '11/4' is an OCR rendering of 1¼).