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Quantitative Aptitude

Simple Interest & Compound Interest

How long in y...

Question

How long (in yrs) will Latish have to wait before her Rs. 3000 invested at 5% earns Rs. 750 in simple interest?

A

6

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B

5

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C

8

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D

None of these

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Solution

The correct option is B
5

S.I = $\frac{P R T}{100}$

750 = 3000 x 5 x $\frac{T}{100}$

T = 5

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