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The simple interest at R% p.a on a certa...

The simple interest at `R%` p.a on a certain principal P is `((9)/(16))^(th)` of it .
R is equal to the number of years (N) ,find the value of N.

A

`8.5`

B

7

C

`7.5`

D

6

Text Solution

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The correct Answer is:
To solve the problem, we need to find the value of \( N \) given that the simple interest at \( R\% \) per annum on a principal \( P \) is \( \frac{9}{16} \) of \( P \), and that \( R \) is equal to the number of years \( N \). ### Step-by-Step Solution: 1. **Understand the Simple Interest Formula**: The formula for simple interest (SI) is given by: \[ \text{SI} = \frac{P \times R \times N}{100} \] where \( P \) is the principal amount, \( R \) is the rate of interest per annum, and \( N \) is the number of years. 2. **Set Up the Equation**: According to the problem, the simple interest is \( \frac{9}{16} P \). Therefore, we can set up the equation: \[ \frac{P \times R \times N}{100} = \frac{9}{16} P \] 3. **Cancel \( P \)**: Since \( P \) is common on both sides of the equation and \( P \neq 0 \), we can cancel \( P \): \[ \frac{R \times N}{100} = \frac{9}{16} \] 4. **Substitute \( R \) with \( N \)**: We know from the problem that \( R = N \). Substituting \( R \) with \( N \) gives us: \[ \frac{N \times N}{100} = \frac{9}{16} \] This simplifies to: \[ \frac{N^2}{100} = \frac{9}{16} \] 5. **Cross-Multiply to Solve for \( N^2 \)**: Cross-multiplying gives: \[ 16N^2 = 900 \] 6. **Divide by 16**: Now, divide both sides by 16: \[ N^2 = \frac{900}{16} \] 7. **Simplify \( N^2 \)**: Simplifying \( \frac{900}{16} \) gives: \[ N^2 = 56.25 \] 8. **Take the Square Root**: To find \( N \), take the square root of both sides: \[ N = \sqrt{56.25} = 7.5 \] ### Final Answer: The value of \( N \) is \( 7.5 \).
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