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    Question

    'Fatima' deposited Rs. 6,500 in a SIP at simple interest

    of 10% p.a. If she earned Rs. 3,900 as interest, then find the duration (in years) for which the money was invested by her.
    A 6 yrs Correct Answer Incorrect Answer
    B 5 yrs Correct Answer Incorrect Answer
    C 8 yrs Correct Answer Incorrect Answer
    D 10 yrs Correct Answer Incorrect Answer

    Solution

    ATQ, Let the duration for which the money was invested be ‘y’ years. Or, 3900 = {(6500 × 10 × y)/100} So, y = (3900/650) = 6 Therefore, the money was invested for 6 years.

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