Q.In how many years will the ratio of the principal and the interest earned become 10:3 at a simple interest rate of 10% per annum? (a) 12 years (b) 3 years (c) 10 years (d) 13 years
Answer: B
Let’s assume the principal amount \((p) = 10x \) rupees
Rate of interest \((r) = 10 \%\)
Interest earned \((I) = 3x \) rupees

Time \((t) = \cfrac{100\times I}{pr}\)
\( = \cfrac{100\times 3x}{10x\times 10} \)
\( = 3 \) years
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