Simple Interest Practice Test 4

Question : 17 of 26

Marks: +1, -0

Gopal invests an amount of Rs. 10,250 at 4 p.c.p.a. to obtain a total amount of Rs. 12,710 on simple interest after a certain period. For how many years did he invest the amount to obtain the total sum?

4 years
5 years
6 years
8 years

Validate

Solution:

I = 12710 – 10250 = Rs. 2460

T ={2460 ×100}/{10250 ×4}

= 6 years

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