In how many years a sum of Rs. 3000 will yield an interest

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In how many years a sum of Rs. 3000 will yield an interest of Rs. 1080 at 12% per annum simple interest ?

1. 4 years
2. 3 years
3. 5 years
4. 2 1 years
  2

Correct Option: B

Here , Principle = ₹ 3000 , Rate = 12% , SI = ₹ 1080

Time =	SI × 100
	Principal × Rate

Time =	1080 × 100	= 3 Years
	3000 × 12