In what time will a sum of ₹10200 amount to ₹19125 at simple interest at the rate of 12.5% per annum?
Correct Answer: 7 years
Subject: History
- 6 years
- 7 years
- 5 years
- 8 years
Explanation: Simple Interest (SI) = Amount - Principal = 19125 - 10200 = 8925.
Using SI = (P × R × T) / 100,
8925 = (10200 × 12.5 × T) / 100
⇒ T = 892500 / 127500 = 7 years.