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In how many years will ₹4600 amount to ...

In how many years will ₹4600 amount to ₹5428 at 3 p.c.p.a. simple interest?

A

3

B

5

C

6

D

4

Text Solution

Verified by Experts

The correct Answer is:
B
`P+ (pxxrxxt)/100 = 5428`
`4600xx3xxt/100 = 5428-4600 = 828`
`Rightarrow t = (828xx100)/(4600xx3)= 6 years`
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