alleryStart learning →At 5% simple interest, how long for ₹8,000 to earn ₹1,200?
A2 years
B2.5 years
C3 years
D3.5 years
Answer & Solution
Correct answer: C. 3 years
Using interest = principal × rate × time gives 1,200 = 8,000 × 0.05 × t, so t is 3 years.
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