Discussion of Question with ID = 080 under Simple-Interest

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Question

The simple interest on a hypothetical investment is Rs. 3430. What is the principal amount if the rate per annum, time in years and the principal, all have the same numerical value?

A

Rs. 70.

B

Rs. 170.

C

Rs. 120.

D

Rs. 270.

Soln.
Ans: a

If I is the interest, and principal is P, time is P, and rate is P, then, I = $(P × P × P)/100$. Which gives P = $√^3{100 × I}$, which is $√^3{100 × 3430}$, which is $√^3{1000 × 7 × 7 × 7}$ = Rs. 70.


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