Question

In how much time will a sum of ₹ 2100 yield an amount of ₹ 3045 at 10% per annum? Years

Answer 1

Answer:

3 years

Time = \frac{SI\times 100}{Princ.\times Rate}

= \frac{1080\times 100}{3000\times 12} = 3\ years

Hence option [C] is correct answer.