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The simple interest on a sum of money is...

The simple interest on a sum of money is `(4)/(9)` times the principal and the rate of interest per annum is numerically equal to the number of years. Find the rate of interest per annum.

A

`(10)/(3)%`

B

`(15)/(3)%`

C

`(20)/(3)%`

D

`(15)/(2)%`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the information provided in the question about simple interest, principal, rate, and time. ### Step 1: Understand the relationship between Simple Interest, Principal, Rate, and Time The formula for Simple Interest (SI) is given by: \[ SI = \frac{P \times R \times T}{100} \] where: - \(SI\) = Simple Interest - \(P\) = Principal - \(R\) = Rate of interest per annum - \(T\) = Time in years ### Step 2: Set up the equations based on the problem statement According to the problem: 1. The Simple Interest is \(\frac{4}{9}\) times the Principal: \[ SI = \frac{4}{9} P \] 2. The Rate of interest per annum is numerically equal to the number of years: \[ R = T \] ### Step 3: Substitute SI in the formula We can substitute the expression for Simple Interest into the formula: \[ \frac{4}{9} P = \frac{P \times R \times T}{100} \] ### Step 4: Substitute \(R\) with \(T\) Since \(R = T\), we can replace \(R\) in the equation: \[ \frac{4}{9} P = \frac{P \times T \times T}{100} \] This simplifies to: \[ \frac{4}{9} P = \frac{P \times T^2}{100} \] ### Step 5: Cancel \(P\) from both sides Assuming \(P \neq 0\), we can divide both sides by \(P\): \[ \frac{4}{9} = \frac{T^2}{100} \] ### Step 6: Cross-multiply to solve for \(T^2\) Cross-multiplying gives: \[ 4 \times 100 = 9 \times T^2 \] This simplifies to: \[ 400 = 9T^2 \] ### Step 7: Solve for \(T^2\) Now, divide both sides by 9: \[ T^2 = \frac{400}{9} \] ### Step 8: Take the square root to find \(T\) Taking the square root of both sides gives: \[ T = \sqrt{\frac{400}{9}} = \frac{20}{3} \] ### Step 9: Since \(R = T\), find the Rate of Interest Thus, the Rate of interest \(R\) is: \[ R = \frac{20}{3} \text{ percent} \] ### Final Answer The rate of interest per annum is \(\frac{20}{3}\) percent. ---

To solve the problem step by step, we will use the information provided in the question about simple interest, principal, rate, and time. ### Step 1: Understand the relationship between Simple Interest, Principal, Rate, and Time The formula for Simple Interest (SI) is given by: \[ SI = \frac{P \times R \times T}{100} \] where: ...
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