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    Question

    In how many years will ₹2,500 invested at the rate of

    16% p.a. simple interest, amount to ₹4,100?
    A 4 Correct Answer Incorrect Answer
    B 3 Correct Answer Incorrect Answer
    C 5 Correct Answer Incorrect Answer
    D 6 Correct Answer Incorrect Answer

    Solution

    SI = Rs. 4100 - Rs. 2500 SI = Rs. 1600 According to the formula: 1600 = (2500 × 16 × t)/100 t = 100/25 t = 4 years

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