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Practice mode Simple Interest

In how many years will Rs. 4,800 earn a simple interest of Rs. 1,800 at 6.25% per annum?

Correct answer C. 6 years

Explanation

T = SI × 100 / (P × R) = 1800 × 100 / (4800 × 6.25) = 180000 / 30000 = 6 years.

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