Arithmeticeasy · Past Paper
How many years will it take for Rs 1500 to produce Rs 300 interest at 4% simple interest?
A3 years
B4 years
C5 years
D6 years
✓ Correct Answer: C — 5 years
T = (I*100)/(P*R) = (300*100)/(1500*4) = 30000/6000 = 5 years.
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