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      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; [(5600Γ—tΓ—25)/100] = (12600-5600) Or,1400t = 7000 Or, t = 5

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