Question

    A person 'P' invested Rs. 5,600

    at a simple interest rate of 25% per annum for a specific duration, resulting in a total amount of Rs. 12,600 at the end. Determine the number of years the investment was held.
    A 8 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 5 Correct Answer Incorrect Answer
    D 2 Correct Answer Incorrect Answer

    Solution

    ATQ, Let the time for which the sum was invested be 't' years ATQ; [(5600×t×25)/100] = (12600-5600) Or,1400t = 7000 Or, t = 5

    Practice Next

    Relevant for Exams: