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    Question

    A sum of Rs 8,000 is invested at 6% simple interest per

    annum. In how many years will the interest amount be Rs 2,400?
    A 5 yrs Correct Answer Incorrect Answer
    B 3 yrs Correct Answer Incorrect Answer
    C 10 yrs Correct Answer Incorrect Answer
    D 7 yrs Correct Answer Incorrect Answer

    Solution

    SI = (P ├Ч R ├Ч T)/100 2,400 = (8,000 ├Ч 6 ├Ч T)/100 2,400 = 480T T = 2,400 / 480 = 5 years Answer: 5 years.

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