Question

A man borrowed Rs. 18750 at a simple interest of 6% per annum. If he cleared his
debt by paying an amount of Rs. 22125, after how many years did, he cleared his debt?
a) 3yrs
b) 4 yrs
c) 5 yrs
d) 6 yrs
​

Answer 1

Answer:

(a) 3 years

Step-by-step explanation:

Given: P=18750, R=6% pa, A=22125, I=A-P=3375

let T=x

$t = \frac{100 \times i}{p \times r}$

$= \frac{100 \times 3375}{18750 \times 6}$

$= 3 \: years$