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Simple interest on a certain is (16)/(25...

Simple interest on a certain is `(16)/(25)` of the principal. If the number representing the rate of interest in per cent and time in years be equal, then time, for which the principal amount is lent out, is :

A

`5(1)/(2)` years

B

`6(1)/(2)` years

C

6 years

D

8 years

Text Solution

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The correct Answer is:
To solve the problem, we need to find the time for which the principal amount is lent out, given that the simple interest is \( \frac{16}{25} \) of the principal and that the rate of interest (R) in percent and the time (T) in years are equal. ### Step-by-Step Solution: 1. **Understanding Simple Interest**: The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount - \( R \) = Rate of interest (in percent) - \( T \) = Time (in years) 2. **Given Information**: We know that: \[ SI = \frac{16}{25} P \] 3. **Equating Simple Interest**: From the formula, we can substitute the value of SI: \[ \frac{16}{25} P = \frac{P \times R \times T}{100} \] 4. **Canceling Principal**: Since \( P \) is common on both sides, we can cancel it (assuming \( P \neq 0 \)): \[ \frac{16}{25} = \frac{R \times T}{100} \] 5. **Relating Rate and Time**: We are given that the rate of interest (R) and time (T) are equal. Let's denote this common value as \( x \): \[ R = T = x \] 6. **Substituting R and T**: Now, substituting \( R \) and \( T \) in the equation: \[ \frac{16}{25} = \frac{x \times x}{100} \] This simplifies to: \[ \frac{16}{25} = \frac{x^2}{100} \] 7. **Cross-Multiplying**: Cross-multiplying gives: \[ 16 \times 100 = 25 \times x^2 \] Simplifying this: \[ 1600 = 25x^2 \] 8. **Dividing by 25**: Dividing both sides by 25: \[ x^2 = \frac{1600}{25} \] \[ x^2 = 64 \] 9. **Taking the Square Root**: Taking the square root of both sides: \[ x = 8 \] 10. **Conclusion**: Since \( x \) represents both the rate of interest and the time in years, we conclude that: \[ \text{Time (T)} = 8 \text{ years} \] ### Final Answer: The time for which the principal amount is lent out is **8 years**.
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