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In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum? -

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Question

In how much time (in years) will ₹7200 amount to Rs. 8928 at simple interest at the rate of 8% per annum?

Options

  • 3

  • 4

  • 2

  • 6

MCQ

Solution

3

Explanation:

7200 × 8% = ₹576 

∴ 8928 - 7200 = `1728/576`

= 3 years

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Simple and Compound Interest (Entrance Exam)
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