Question

A person 'P' invested Rs. 7,400 in a SIP at an annual simple interest rate of 14%. If the total interest earned by him amounts to Rs. 6,216, determine the number of years for which the investment was made.

A 6 yrs
B 12 yrs
C 8 yrs
D 10 yrs
Practice Next

Relevant for Exams:

Hey! Ask a query