In what duration (in years) will ₹1,500 amount to ₹2,250 at simple interest of 10% per annum?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 5.
SI = Amount(A) - Principal(P)
SI = 2250 - 1500 = 750
SI =
⇒ 750 =
⇒ T = 5 years