UP TGT Mathematics Commercial mathematics Test Series - Part 2

How long will it take for Rs. 1,500 to earn Rs. 450 as simple interest at 6% per annum?

Type: MCQ • Marks: 1
How long will it take for Rs. 1,500 to earn Rs. 450 as simple interest at 6% per annum?
Options
A. 1) 4 years
B. 2) 6 years
C. 3) 5 years
D. 4) 3 years
Explanation
Time (T) = (450 * 100) / (1500 * 6) = 45000 / 9000 = 5 years.
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