Question

In what time will a sum of Rs.24000 at 6% p.a. rate of simple interest yield an interest of Rs.9000?2 points(1) 75 months(2) 60 months(3) 120 months(4) 45 months(5) 100 months

Answer 1

Answer:

$= > 24000 \times \frac{6}{100} \times time = 9000 \\ \\ = > time = \frac{9000}{240 \times 6} \\ \\ = > time = 6.25 \: yrs \\ \\ = > time = 75 \: months$