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Discussion :: Simple Interest

  1. How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
    2. A.
    3.5 years
    B.
    4 years
    C.
    4.5 years
    D.
    5 years

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    Answer : Option B

    Explanation :

    Time = (100 * 81) / (450 * 4.5) = 4 years

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