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Alipta got some amount of money from her father. In how many years will the ratio of the money and the interest obtained from it be 10 : 3 at the rate of 6% simple interest per annum?
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- 7 years
- 3 years
- 5 years
- 4 years
- 7 years
Correct Option: C
According to question ,
| Principal | = | 10 |
| Interest | 3 |
| ⇒ | Interest | = | 3 |
| Principal | 10 |
| ∴ Time = | |
| Principal × Rate |
| Time = | 3 | × | 100 | = 5years |
| 10 | 6 |
