Question

    In how many years will ₹2,000 invested at the rate of

    11% p.a. simple interest, amount to ₹3,100?
    A 3 Correct Answer Incorrect Answer
    B 4 Correct Answer Incorrect Answer
    C 2 Correct Answer Incorrect Answer
    D 5 Correct Answer Incorrect Answer

    Solution

    Rate =11% P=2000, A =3100 SI=3100-2000=1100 SI=PRT/100 1100=2000×11×T)/100 T=5year

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