4.a)In how many years will Rs. 950 produce Rs. 399 as simple interest at 7%?

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4.a)In how many years will Rs. 950 produce Rs. 399 as simple interest at 7%?

1 thought on “4.a)In how many years will Rs. 950 produce Rs. 399 as simple interest at 7%?”

  1. Answer:

    6 years

    Thus, in 6 years will ₹ 950 produce ₹399 as simple interest at 7%.

    Correct option is

    A

    6

    Simple Interest I=100PTR 

    Given, 

    I=Rs399

    P=Rs950

    R=7% 

    So, 399=100950×T×7 

    =>T=6 years

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