Question

How long will Rs 1500 take to yield Simple Interest of Rs 80 at rate of 8% per annum *
1 point
a) 6 Months
b) 7 Months
c) 8 Months
d) 9 Months

Answer 1

Answer:

Let it will be x month. so,

$80 = \frac{1500 \times 8 \times x}{100 \times 12}$

$x = \frac{80 \times 100 \times 12}{1500 \times 8} = \frac{10 \times 12}{15} = 8$

so it will be 8 months. Option (C)