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A sum borrowed at 6% p.a earns an intere...

A sum borrowed at 6% p.a earns an interest which is `"1/3"^(rd)` of its principal in x years. Find x.
A. `5(5)/(9)`
B. `4(2)/(9)`
C. `6(3)/(7)`
D. `5(3)/(4)`

A

D

B

B

C

C

D

A

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find the time period \( x \) in which a sum of money borrowed at 6% per annum earns an interest that is one-third of its principal. ### Step-by-Step Solution: 1. **Define the Variables:** - Let the principal amount be \( P \). - The rate of interest is given as \( 6\% \) per annum. - The simple interest (SI) earned is \( \frac{1}{3} P \). 2. **Use the Simple Interest Formula:** The formula for simple interest is: \[ \text{SI} = \frac{P \times R \times T}{100} \] where \( R \) is the rate of interest and \( T \) is the time in years. 3. **Substitute the Known Values:** We know that: - SI = \( \frac{1}{3} P \) - \( R = 6 \) - \( T = x \) Substituting these into the formula gives: \[ \frac{1}{3} P = \frac{P \times 6 \times x}{100} \] 4. **Cancel the Principal \( P \):** Since \( P \) is common on both sides and \( P \neq 0 \), we can cancel it out: \[ \frac{1}{3} = \frac{6x}{100} \] 5. **Cross Multiply to Solve for \( x \):** Cross multiplying gives: \[ 100 \cdot \frac{1}{3} = 6x \] This simplifies to: \[ \frac{100}{3} = 6x \] 6. **Isolate \( x \):** To find \( x \), divide both sides by 6: \[ x = \frac{100}{3 \times 6} = \frac{100}{18} = \frac{50}{9} \] 7. **Convert to Mixed Number:** To convert \( \frac{50}{9} \) to a mixed number: - Divide 50 by 9, which gives 5 with a remainder of 5. - Thus, \( \frac{50}{9} = 5 \frac{5}{9} \). ### Final Answer: The value of \( x \) is \( 5 \frac{5}{9} \).
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