1. A sum of ₹ 3000 yields an interest of ₹ 1080 at 12% per annum simple interest in how many years ?
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By: anil on 05 May 2019 01.50 am
Principal sum = P = Rs. 3000 Let time period = $$t$$ years and rate of interest = 12% Simple interest = $$frac{P imes r imes t}{100}$$ => $$frac{3000 imes 12 imes t}{100}=1080$$ => $$360t=1080$$ => $$t=frac{1080}{360}=3$$ years => Ans - (B)
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