Q. A sum of Rs. 5000 yields Rs. 750 as simple interest in a certain number of years at 5% p.a. What is that time?
β
Correct Answer: (B)
3 years
Explanation: T = SI×100/(P×R) = 750×100/(5000×5) = 75000/25000 = 3 years. Other options don't match the division result.
Explanation by: Mr. Dubey
T = SI×100/(P×R) = 750×100/(5000×5) = 75000/25000 = 3 years. Other options don't match the division result.