In how many years will a sum of 3000 Rs. yield a simple interest of 1080 Rs. at 12% per annum ?
In how many years will a sum of 3000 Rs. yield a simple interest of 1080 Rs. at 12% per annum ?
[A]2 years
[B]2.5 years
[C]3 years
[D]3.5 years
3 years
$latex Time = \frac{SI\times 100}{Princ.\times Rate}&s=1$
$latex = \frac{1080\times 100}{3000\times 12} = 3\ years&s=1$
Hence option [C] is correct answer.
