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Q.

In what time will Rs. 8000 amount to Rs. 8360 at $6 %$ per annum at Simple Interest

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a

9 months

b

8 months

c

1 \frac{1}{4}

years

d

1 \frac{1}{2}

years

answer is B.

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Detailed Solution

S.I

= 8360 - 8000 = 360

$\frac{PTR}{100} = 360 \Rightarrow \frac{8000 \times T \times 6}{100} = 360$

T $= \frac{360}{6 \times 80} = \frac{3}{4}$ year

$= 9 m o n t h s$ .

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