Multiple choice

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

  1. $4 years$
  2. $6 years$
  3. $5 years$
  4. $7 years$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Simple Interest = (P * R * T) / 100. 300 = (600 * 10 * T) / 100 => 300 = 60 * T => T = 5 years.

AI explanation

Using the time formula Time = (Simple Interest x 100) / (Principal x Rate), we substitute the given values. This gives Time = (300 x 100) / (600 x 10), which simplifies to 30000 / 6000, resulting in 5 years.

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