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The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum?
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The S.I. on a sum of money is 4 9 of the principal and the no. of year...
Solution:
Given, Simple Interest = 4/9 of Principal
Let Principal = P
Let Rate of Interest = R%
Let Time = T years
Then, Simple Interest = PRT/100
According to the question,
PRT/100 = 4P/9
=> RT/100 = 4/9
=> R = 4T/9
Therefore, the rate of interest per annum is 4T/9%.
Explanation:
To solve this question, we need to understand the formula for simple interest which is given by:
Simple Interest = (Principal * Rate * Time)/100
where Principal is the amount borrowed or invested, Rate is the percentage of interest per annum, and Time is the duration of the loan or investment in years.
Here, we are given that the Simple Interest is 4/9 of the Principal. So, we can write:
Simple Interest = 4/9 * Principal
Substituting this value in the formula for Simple Interest, we get:
4/9 * Principal = (Principal * Rate * Time)/100
Simplifying this equation, we get:
Rate = (4 * Time)/9
Therefore, the rate of interest per annum is 4T/9%.
Given, Simple Interest = 4/9 of Principal
Let Principal = P
Let Rate of Interest = R%
Let Time = T years
Then, Simple Interest = PRT/100
According to the question,
PRT/100 = 4P/9
=> RT/100 = 4/9
=> R = 4T/9
Therefore, the rate of interest per annum is 4T/9%.
Explanation:
To solve this question, we need to understand the formula for simple interest which is given by:
Simple Interest = (Principal * Rate * Time)/100
where Principal is the amount borrowed or invested, Rate is the percentage of interest per annum, and Time is the duration of the loan or investment in years.
Here, we are given that the Simple Interest is 4/9 of the Principal. So, we can write:
Simple Interest = 4/9 * Principal
Substituting this value in the formula for Simple Interest, we get:
4/9 * Principal = (Principal * Rate * Time)/100
Simplifying this equation, we get:
Rate = (4 * Time)/9
Therefore, the rate of interest per annum is 4T/9%.
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The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum?
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The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum?.
The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The S.I. on a sum of money is 4 9 of the principal and the no. of years is equal to the rate of interest per annum. Find the rate of interest per annum?.
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