Q.At an annual simple interest rate of 12%, if the ratio of principal to interest after \(x\) years is 25:24, what is the value of \(x\)? (a) 8 (b) 10 (c) 12 (d) 5
Answer: A
Time \((t)=x\) years
Rate of interest \((r)=12\%\)
Let’s assume the principal amount \((p)=25y\) rupees
And total interest \((I)=24y\) rupees

Again, interest \((I)=\cfrac{ptr}{100}\)
or, \(24y=\cfrac{25y\times x\times 12}{100}\)
or, \(x=\cfrac{100\times 24y}{25y\times 12}=8\)
or, \(x=8\)

So, the value of \(x\) is 8 years.
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