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Multiple choice

Simple interest at 10% on Rs.5,000 is Rs. 2,500. The time for which the sum is invested is -

  1. 8 years

  2. 6 years

  3. 5 years

  4. 4 years

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Using the simple interest formula SI = P×R×T/100, where SI=2500, P=5000, R=10%. Then T = (2500×100)/(5000×10) = 250000/50000 = 5 years. Option C is correct.

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