Bhatya invested Rs 800 on simple interest of rate 5% per annum. How many years will it take his money to reach Rs 1000?_ (a) 4 years (b) 5 years (c) 2 years (d) 20 years
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b. 5 years
Simple interest per year = 0.05*800 = 40
For 40 Rs to grow upto 200 Rs it takes 5 Years at the same interest rate.
Simple interest per year = 0.05*800 = 40
For 40 Rs to grow upto 200 Rs it takes 5 Years at the same interest rate.
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