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Discussion :: Simple Interest

  1. How much time will it 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.

    4.5 years

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    Answer : Option B

    Explanation :

    Time = \([\frac { 100*81 } { 450*4.5 } ]\)   years = 4 years.
     

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