Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

Question: How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
[A].

3.5 years

[B].

4 years

[C].

4.5 years

[D].

5 years

Answer: Option B

Explanation:

Time = 100 x 81 years = 4 years.
450 x 4.5

Video Explanation: https://youtu.be/WdBzN0Sj8jc