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In what time will a sum of ₹ 6,400 amount to ₹ 7,168 at 6% simple interest per annum?
Question

In what time will a sum of ₹ 6,400 amount to ₹ 7,168 at 6% simple interest per annum?

A.

2.5 years

B.

4 years

C.

2 years

D.

3 years

Correct option is C

Given:

Principle sum = ₹6400

Amount = ₹7168

Rate of interest =6%

Formula Used:

SI=P×r×t100SI =\frac{P \times r \times t}{100}​​

Solution:

Interest = 7168 -6400 = ₹768

768=6400×6×t100768 = \frac{6400 \times 6 \times t}{100}​​

t= 768×1006400×6\frac{768 \times 100 }{ 6400 \times 6}​ = 2 years

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