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Discussion :: Simple Interest

  1. In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.?
    2. A.
    22
    B.
    24
    C.
    25
    D.
    23
    E.
    None of these

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    Workspace

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    Answer : Option A

    Explanation :

    T = (100 * 16500)/(15 * 5000) = 22 years

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