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      Question

      A sum of Rs 12,000 is invested at 7% simple interest per

      annum. In how many years will the interest amount be Rs 5,040?
      A 2 yrs Correct Answer Incorrect Answer
      B 4 yrs Correct Answer Incorrect Answer
      C 6 yrs Correct Answer Incorrect Answer
      D 9 yrs Correct Answer Incorrect Answer

      Solution

      SI = (P Γ— R Γ— T)/100 5,040 = (12,000 Γ— 7 Γ— T)/100 5,040 = 840T T = 5,040 / 840 = 6 years Answer: 6 years.

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