How much time will take for an amount of Rs. 900 to yield Rs. 162 as interest at 9% per annum of sim

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02 Mar 2020 Simple Interest

How much time will take for an amount of Rs. 900 to yield Rs. 162 as interest at 9% per annum of simple interest ?

OPtion

1) 1 years
2) 1.5 years
3) 2.0 years
4) 2.5 years
5) 3.0 years
6) 3.5 years
7) 4.0 years
8) 2.25 years
9) 4.5 years
10) None of these

Solution

Time = (100 x 162) / (900 x 9) = 2 years.

Correct Option: 3 Best Solution (5)