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In what time will a sum of Rs10,200 yie...

In what time will a sum of Rs10,200 yield Rs13,005 as simple interest at the rate of 17% per annum?

A

(A) 7 years 6 months

B

(B) 7 years 3 months

C

(C) 7 years 9 months

D

(D) 8 years

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The correct Answer is:
To solve the problem, we need to determine the time it takes for a principal amount of Rs. 10,200 to yield a simple interest of Rs. 13,005 at a rate of 17% per annum. ### Step-by-Step Solution: 1. **Identify the given values:** - Principal (P) = Rs. 10,200 - Simple Interest (SI) = Rs. 13,005 - Rate of Interest (R) = 17% per annum 2. **Use the formula for Simple Interest:** \[ SI = \frac{P \times R \times T}{100} \] where SI is the simple interest, P is the principal, R is the rate of interest, and T is the time in years. 3. **Rearrange the formula to solve for time (T):** \[ T = \frac{SI \times 100}{P \times R} \] 4. **Substitute the known values into the formula:** \[ T = \frac{13,005 \times 100}{10,200 \times 17} \] 5. **Calculate the denominator:** \[ 10,200 \times 17 = 173,400 \] 6. **Calculate the time (T):** \[ T = \frac{13,005 \times 100}{173,400} \] \[ T = \frac{1,300,500}{173,400} \] 7. **Perform the division:** \[ T \approx 7.5 \text{ years} \] 8. **Convert 0.5 years into months:** \[ 0.5 \text{ years} = 6 \text{ months} \] 9. **Final answer:** \[ T = 7 \text{ years and } 6 \text{ months} \] ### Conclusion: The time required for the sum of Rs. 10,200 to yield Rs. 13,005 as simple interest at the rate of 17% per annum is **7 years and 6 months**.
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