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1844

Q: In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?

  • 1
    2.9 years
  • 2
    3.5 years
  • 3
    4.2 years
  • 4
    4.7 years
  • Show Answer
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Answer : 2. "3.5 years"
Explanation :

Answer: B) 3.5 years Explanation: Given that Rs. 1860 will become Rs. 2641.20 at 12% => Simple Interest = 2641.20 - 1860 = Rs. 781.20 We know I = PTR/100 => 781.20 x 100 = 1860 x T x 12 => T = 78120/1860x12 => T = 78120/22320 => T = 3.5 years.

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