Question

$P=$Rs. $10,000$, $I=$Rs. $2,500$, $R=12.5\%$ simple interest. The number of years T will be.

• A. $1.5$ years
• B. $2$ years
• C. $3$ years
• D. None of the above

Answer 1

Answer: (B)

$2$ years

$I=₹2500$

$R=12.5$%

$P=₹10000$

$I=\frac{P\times R\times T}{100}$

$2500=\frac{10000\times 12.5\times T}{100}$

$T=\frac{2500}{12.5\times 100}=2$years