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    Question

    At simple interest, a sum of Rs 6,000 becomes Rs 7,080

    at 8% per annum. For how many years was the money invested?
    A 2 years 8 months Correct Answer Incorrect Answer
    B 2 years 3 months Correct Answer Incorrect Answer
    C 7 years 5 months Correct Answer Incorrect Answer
    D 4 years 9 months Correct Answer Incorrect Answer

    Solution

    SI = Amount βˆ’ Principal = 7,080 βˆ’ 6,000 = 1,080 SI = (P Γ— R Γ— T)/100 1,080 = (6,000 Γ— 8 Γ— T)/100 1,080 = 480T T = 1,080 / 480 = 9/4 = 2.25 years Answer: 2.25 years (2 years 3 months).

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