Question

how many years will sona have to wait for to earn Rs 600 of simple interest after investing Rs 2500 at 6% per annum..?

Answer 1

P=₹2500
R=6%p.a.
SI for 1 year=PRT/100
=(2500*6*1)/100
= ₹150
To earn ₹600 sona will have to wait for-600/150
=4 years