Q.At an interest rate of 4%, in how many years will 350 rupees earn 70 rupees in interest? (a) 5 years (b) 10 years (c) 8 years (d) 7 years
Answer: A
Principal amount \((p)= 350\) rupees
Rate of interest \((r)= 4\%\)
Interest amount \((I)=\) 70 rupees

Time \((t)=\cfrac{100\times I}{pr}\)

\(=\cfrac{100\times 70}{350\times 4}\)

\(=5\) years

Similar Questions