Answer: B
Let the principal \(p = 300\) rupees
The rate of interest \(r = 5\%\)
The interest \(I = 120\) rupees
Therefore, the time \(t = \cfrac{100 \times I}{pr} \)
\(= \cfrac{100 \times 120}{300 \times 5} = 8\) years.
Let the principal \(p = 300\) rupees
The rate of interest \(r = 5\%\)
The interest \(I = 120\) rupees
Therefore, the time \(t = \cfrac{100 \times I}{pr} \)
\(= \cfrac{100 \times 120}{300 \times 5} = 8\) years.