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What is the minimum number of years upon which SI on Rs 2600 at 6.67% interest rate will be in whole number?
- A1 year
- B2 years
- C3 years
- D4 years
Correct answer: C
Discussion 1
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CCommunity
3 years
Simple Interest =Principal * Rate * Time
Principal = 2600 Rs
Interest Rate = 6.67%
=> SI = 2600 * (20/3)*Time
SI of the number will be a whole number for the first time when time is three as denominator of rate is 3.
Hence time should be set to 3 years.
Simple Interest =Principal * Rate * Time
Principal = 2600 Rs
Interest Rate = 6.67%
=> SI = 2600 * (20/3)*Time
SI of the number will be a whole number for the first time when time is three as denominator of rate is 3.
Hence time should be set to 3 years.