How much time will it take for an amount of ₹ 450 to yield ₹ 81 as interest at 4.5% per annum of simple… · ABC26GN4010

Subject: General Aptitude · Chapter: Simple Interest · Exam: IGNOU 2003

How much time will it take for an amount of ₹ 450 to yield ₹ 81 as interest at 4.5\% per annum of simple interest ?

(a)3.5 years

(b)4 years

(c)4.5 years

(d)5 years

Answer

Answer (as printed): B

Explanation

$P=₹ 450$, S.I. $=₹ 81, R=4.5 \%$. $$\text { Time }=\left(\frac{100 \times 81}{450 \times 4.5}\right) \text { years }=4 \text { years. }$$

Explanation as extracted from the printed page; notation may be imperfect.

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