In what time will Rs. 3,750 amount to Rs. 4,800 at 8% per annum simple interest?
Correct answer C. 3.5 years
Explanation
SI = 4800 − 3750 = 1050. T = 1050 × 100 / (3750 × 8) = 105000 / 30000 = 3.5 years.
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