If the ratio of simple interest and principal is 8 ∶ 25/2 and rate of interest is equal to the time invested then find the time of investment?
If the ratio of simple interest and principal is 8 ∶ 25/2 and rate of interest is equal to the time invested then find the time of investment?
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Let’s denote the simple interest as \(SI\), the principal as \(P\), the rate of interest as \(R\) (in % per annum), and the time of investment as \(T\) (in years).
According to the given information, the ratio of simple interest to principal is \(8 : \frac{25}{2}\), which can be simplified to \(16 : 25\). So, we can write:
\[ \frac{SI}{P} = \frac{16}{25} \]
We also know that the rate of interest is equal to the time invested, so \(R = T\).
The formula for simple interest is:
\[ SI = \frac{P \times R \times T}{100} \]
Substituting \(R = T\) and rearranging the formula, we get:
\[ T^2 = \frac{100 \times SI}{P} \]
Using the ratio \(\frac{SI}{P} = \frac{16}{25}\), we can substitute for \(\frac{SI}{P}\) in the equation:
\[ T^2 = \frac{100 \times 16}{25} \]
Simplifying:
\[ T^2 = \frac{1600}{25} \]
\[ T^2 = 64 \]
Taking the square root of both sides:
\[ T = 8 \text{ years} \]
Therefore, the time of investment is 8 years.