QA – Placement Quizzes | Simple Interest | Question 7

Ram has an amount of Rs. 9000. How much time will it take to earn 1620 as S.I at a rate of 4.5% per annum?
(A) 2
(B) 1
(C) 5
(D) 4


Answer: (D)

Explanation: SI = PRT/100
T = S.I x 100/PR = 1620 x 100/9000 x 4.5
= 4

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