Multiple choice

How many years will it take for amount of Rs.600 to yield Rs.120 as interest at 10% per annum of S.I .?

  1. 1 year

  2. 3 year

  3. 2 year

  4. 4 year
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Using the simple interest formula I = (P * R * T) / 100, we have 120 = (600 * 10 * T) / 100. This simplifies to 120 = 60 * T, so T = 2 years.

AI explanation

Using the simple interest formula, we set up the equation 120 = (600 * 10 * T) / 100 to find the unknown time in years. Simplifying this gives 120 = 60T, so T equals 2. Therefore, the amount will yield Rs. 120 as interest in 2 years.

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