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Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

Q: Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

We know that, I = PTR/100 ATQ, 15800 = 14800 x T x 6/100 T = 15800/148x7 T = 15800/1036 T = 15.25 yrs.

16.75 yrs
15.25 yrs
14 yrs
13.5 yrs

Correct Answer: 15.25 yrs

Explanation:

We know that,

I = PTR/100

ATQ,

15800 = 14800 x T x 6/100

T = 15800/148x7

T = 15800/1036

T = 15.25 yrs.

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