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SSC CHSL 2024 · PYQ · Simple Interest · medium

In how many years will the simple interest on a sum of money be equal to the principal at the rate of 2(6/7)% per annum?

  1. A.33 years
  2. B.37 years
  3. C.35 years✓ Correct
  4. D.34 years

Explanation

For SI to equal principal, SI = P. So P × r × t / 100 = P, meaning r × t = 100. Rate = 2(6/7)% = 20/7%. So t = 100 ÷ (20/7) = 100 × 7/20 = 35 years.
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