Show Question Bank » Aptitude » Simple-InterestQ In how many years will a sum of Rs. 3000 yield an interest of Rs. 1080 at 12 percent per annum. A) 2 Years B) 4 Years C) 3 Years D) 5 Years Report Form
Correct Answer:
Description for Correct answer: \( \Large \frac{3000 \times 12 \times T}{100}=1080 \) T=\( \Large \frac{108}{36} 3 years \) Part of solved Simple and compound interest questions and answers : >> Aptitude >> Simple and compound interest A. 4 years B. 3 years C. 5 years D. $$2\frac{1}{2}$$ years Answer: Option B $$\eqalign{ & {\text{By using formula }} \cr & \Leftrightarrow \frac{{{\text{3000}} \times 12 \times
{\text{T}}}}{{100}} = 1080 \cr & \Leftrightarrow {\text{T = }}\frac{{108}}{{36}}{\text{ = 3 years}} \cr} $$ Join The DiscussionRelated Questions on Interest Simple interestAptitude
Correct Option: BHere , Principle = ₹ 3000 , Rate = 12% , SI =
₹ 1080
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How many years will a sum of Rs 3000 in a simple interest of Rs 1080 at 12% per annum?
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