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In certain years a sum of money is doubl...

In certain years a sum of money is doubled itself at `6(1)/(4)%` simple interest per annum. then the required time will be

A

`12""1/2` years

B

8 years

C

`10""2/3` years

D

16 years

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To solve the problem of finding the time required for a sum of money to double itself at a simple interest rate of \(6 \frac{1}{4}\%\) per annum, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Problem**: We need to determine the time (T) it takes for a principal amount (P) to double itself at a given simple interest rate. 2. **Define the Principal and Amount**: - Let the principal amount be \(P = x\) rupees. - Since the amount doubles, the final amount \(A = 2x\) rupees. 3. **Identify the Rate of Interest**: - The rate of interest is given as \(6 \frac{1}{4}\%\). - Convert this mixed fraction to an improper fraction: \[ 6 \frac{1}{4} = \frac{25}{4}\% \] 4. **Use the Simple Interest Formula**: - The formula for simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] - Where \(P\) is the principal, \(R\) is the rate of interest, and \(T\) is the time in years. 5. **Calculate the Simple Interest**: - Since the amount doubles, the simple interest earned (SI) is: \[ SI = A - P = 2x - x = x \] 6. **Set Up the Equation**: - Substitute the values into the simple interest formula: \[ x = \frac{x \times \frac{25}{4} \times T}{100} \] 7. **Simplify the Equation**: - Cancel \(x\) from both sides (assuming \(x \neq 0\)): \[ 1 = \frac{25}{4} \times \frac{T}{100} \] - Rearranging gives: \[ T = \frac{100 \times 4}{25} \] 8. **Calculate the Time**: - Simplifying further: \[ T = \frac{400}{25} = 16 \] 9. **Conclusion**: - The time required for the sum to double is \(T = 16\) years. ### Final Answer: The required time is **16 years**. ---

To solve the problem of finding the time required for a sum of money to double itself at a simple interest rate of \(6 \frac{1}{4}\%\) per annum, we can follow these steps: ### Step-by-Step Solution: 1. **Understand the Problem**: We need to determine the time (T) it takes for a principal amount (P) to double itself at a given simple interest rate. 2. **Define the Principal and Amount**: - Let the principal amount be \(P = x\) rupees. ...
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