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Simple interest

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  1. What should be the least number of years in which the simple interest
    on Rs. 2600 at 6
    2
    		% will be an exact number of rupees ?
    3

    1. 3
    2. 2
    3. 5
    4. 4
Correct Option: A

Given that ,

Rate =
20
 % Per annum
3

As we know that ,
S.I =
Principal × Time × Rate
100

SI =
2600 × 20 × T
3 × 100

∴ Required Time = 3 years


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