Question

A sum of Rs. 12500 gives interest of Rs. 5625 in T years at simple interest. If the rate of interest is 7.5%, then what will be the value of T?

• A. 6
• B. 5
• C. 7
• D. 8

Answer 1

Answer:

B. 5

Solution: GIVEN: Principal = Rs. 12500 Time = T years Rate of Interest = 7.5% (S.I) = Rs. 5625 FORMULA USED: Simple interest = (P × R × T)/100 CALCULATION: Simple interest = (P × R × T)/100 ⇒ 5625 = (12500 × 7.5 × T)/100 ⇒ T = 6 years