Question

The amount of Rs. 600 will earn Rs. 300 as simple interest @ 10% per annum in-

• A. $4years$
• B. $6years$
• C. $5years$
• D. $7years$

Answer 1

The correct option is C $5years$

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

$⟹300=\frac{600\times 10}{100}\times T$

$⟹T=\frac{300}{60}$

$⟹T=5$ years