Arunima invests an amount of Rs 10,250@4% p.a. to obtain a total amount of Rs 12,710 on simple interest after a certain ******.

Question

Arunima invests an amount of Rs 10,[email protected]% p.a. to obtain a total amount of Rs 12,710 on simple interest after a certain **. For how many year did she invest the amount to obtain the total sum?

(a) 6 years

(b) 8 years

(c) 5years

(d) 4 years

(e) of these

Answer 1

(a) SI = Rs (12710 – 10250)= Rs 2460