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Given that the. Calculate the time period.

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5 years

4 years

3 years

7 years

answer is B.

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Detailed Solution

Concept-
Formulas Used:

https://lh4.googleusercontent.com/PlRXSn389sIGU9jY7I0NADjOA-z6hGdh4W7BumCKb03zvBNMzHxB9EHb-tIXxbbMka7f3InTLrLpgPjJit3LFnE4JFvh6oI2f4bNB9U-IRLsvkASeIyFTcVnBsG4uiJl39kRGvZedu4iTgXspFx8iw

In this question, we have been given:

In this question, we will find the solution by applying the simple interest formula.

https://lh6.googleusercontent.com/YlAkuVSNNB7d-sWWRVPR55TXriptEaCIsp_HyEeGGapq408z62pD7nUKrcdirXJnm972KQPIPMEXi3Us6d3vpEaMbDsyqjGBX5FyzC7khYwha824wOgy_5B2HLzwx5rZft4zbiHDCNI9_kOtXnsV6Q

Hence, the correct answer is option 2) 4 years

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