How many years will it take for Rs.8,400 to amount to Rs.11,928 at a simple interest rate of 7% per annum?

Options
a) 6
b) 2
c) 8
d) 5

Solution

As per question
P = 8400
R = 7%
T = ?
S.I = Amount – principal
S.I = 11928 – 8400
S.I = 3528
S.I =
3528 =
588T = 3528
T = 3528 =
T = 6

Answer : a) 6