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Mathematics

At what rate percent per year will a sum double itself in 6146\dfrac{1}{4} years?

Simple Interest

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Answer

Given:

T = 6146\dfrac{1}{4} years

= 254\dfrac{25}{4} years

A = 2P

A = P + S.I.2P = P + S.I.2P - P = S.I.P = S.I.\text{A = P + S.I.}\\[1em] \Rightarrow \text{2P = P + S.I.}\\[1em] \Rightarrow \text{2P - P = S.I.}\\[1em] \Rightarrow \text{P = S.I.}\\[1em]

Let rate of interest be rr.

S.I.=(P×R×T100)P=(P×r×254×100)P=P×r×254001=25r400400=25rr=40025r=16\because \text{S.I.} = ₹ \Big(\dfrac{P \times R \times T}{100}\Big)\\[1em] \Rightarrow \text{P} = ₹ \Big(\dfrac{P \times r \times 25}{4 \times 100}\Big)\\[1em] \Rightarrow \cancel {P} = ₹ \dfrac{\cancel {P} \times r \times 25}{400}\\[1em] \Rightarrow 1 = ₹ \dfrac{25r}{400}\\[1em] \Rightarrow \text{400} = 25r\\[1em] \Rightarrow r = \dfrac{400}{25}\\[1em] \Rightarrow r = 16

Hence, the rate of interest = 16%.

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