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In what time Rs. 2600 amount to Rs. 3055 at the rate of 3 ½ % per annum.
  • a)
    2½ years
  • b)
    5 years
  • c)
    3 years
  • d)
    None
  • e)
    All of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In what time Rs. 2600 amount to Rs. 3055 at the rate of 3 ½ % per...
The correct option is B.
Principal amount=2600
Rate=3 1/2%pa=7/2
Time = T
SI=3055-2600=455
SI=PRT/100
455=2600×7×T/100×2,
T=5yrs.
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Most Upvoted Answer
In what time Rs. 2600 amount to Rs. 3055 at the rate of 3 ½ % per...
The correct option is B.
Principal amount=2600
Rate=3 1/2%pa=7/2
Time = T
SI=3055-2600=455
SI=PRT/100
455=2600×7×T/100×2,
T=5yrs.
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Community Answer
In what time Rs. 2600 amount to Rs. 3055 at the rate of 3 ½ % per...
The correct option is B.
Principal amount=2600
Rate=3 1/2%pa=7/2
Time = T
SI=3055-2600=455
SI=PRT/100
455=2600×7×T/100×2,
T=5yrs.
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Question Description
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