QA – Placement Quizzes | Simple Interest | Question 11

In what time will Rs.8500 pay an amount of Rs. 7267.50 as S.I at 4.5 per cent per annum?
(A) 19
(B) 20
(C) 18
(D) 21


Answer: (A)

Explanation: SI=PRT/100

T= SI X 100/(P X R)
= 7267.50 X 100/(8500 X 4.5)
= 19 years

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