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SSC CHSL 2020 · PYQ · Simple Interest · medium

In how many years will the simple interest on a sum of money be equal to the principle at rate of 12(2/4)% p.a.?

  1. A.7 years
  2. B.8 years✓ Correct
  3. C.6 years
  4. D.5 years

Explanation

SI = Principal when SI/P = 1, i.e., (P×R×T)/(100×P)=1, so T=100/R. Rate = 12.5%, so T=100/12.5=8 years.
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