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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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