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      Question

      How much time will it take for an amount of Rs.2000 to

      yield Rs. 640 as interest at 8% p.a. of SI? 
      A 5 years Correct Answer Incorrect Answer
      B 4 years Correct Answer Incorrect Answer
      C 6 years Correct Answer Incorrect Answer
      D 7 years Correct Answer Incorrect Answer

      Solution

      S.I = (P ×R ×T)/100 640 = (2000 × 8  ×  T)/100 T =64000/(2000 × 8) T = 4 years

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