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How much time will it take for an amount of Rs. 300 to yield Rs. 123 as interest at 4.1% per annum of simple interest?

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How much time will it take for an amount of Rs. 300 to yield Rs. 123 as interest at 4.1% per annum of simple interest?
posted Apr 17, 2017 by anonymous

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1 Answer

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10 years.
.
Interest per year is 300 * .041 = 12.3 Rs /yr.

answer Apr 30, 2017 by Jcm



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