Simple Interest Practice Test 4

Question : 8 of 26

Marks: +1, -0

Nisha invests an amount of Rs. 9535 at the rate of 4 per cent per annum to obtain a total amount of Rs. 11442 on simple interest after a certain period. For how many years did she invest the amount to obtain the total sum?

2 years
4 years
5 years
10 years

Validate

Solution:

Here, I = 11442 – 9535 = Rs. 1907,

T={1907×100}/{9535×4}

= 5 years

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