Question

The simple interest on Rs. 15000 at 5.5% per annum for a period is Rs. 2475. The time for which the interest has been calculated is
a) 3 years
b) 2.5 years
c) 3.5 years
d) 2 years

Answer 1

Answer:

(a) 3 years

Step-by-step explanation:

SI = Principal*rate*time

----------------------------

100

simple interest = 2475

in formula,

2475= 15000*5.5*time

100

2475= 15000*55*time

1000

2475 = 15*55*time

2475= 825*time

2475 = time

825

time = 3

so, time is 3

(a) 3 years