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Question

SIMPLE INTEREST :

 

In how many years does a sum of Rs.10000 yield a simple interest of Rs.10000 at 20% p.a.?

  • 5
  • 4
  • 3
  • 6
  • None of these
Answer- A

Here   P = 10000

SI =  10000

Rate of Interest =  R= 20%;

Time=?

Time =  (100*SI)/P*R = 100*10000/10000*20 = 5