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Sonia invested an amount of Rs 17500 at the rate of 8% per annum. After how many years will she get a simple interest of Rs 16800 ?
- A11 years
- B12 years
- C13 years
- D14 years
Correct answer: B
Discussion 1
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CCommunity
12 years
P = Rs 17500, R = 8% pa, T = ?
Now, simple interest = PRT/100
or, 16800 = 17500 x 8 x T/100
∴ T = 16800/175 x 8 = 12 years
P = Rs 17500, R = 8% pa, T = ?
Now, simple interest = PRT/100
or, 16800 = 17500 x 8 x T/100
∴ T = 16800/175 x 8 = 12 years