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Q: In what time will the simple interest on any sum of money at 3 ¾ % be 0.09375 times the principal?
A. 2 years  B. 2.2 years
C. 20 months D. 30 months

Answer and Explanation

Answer:20 months

Explanation:
Let the Principal be Rs. X
SI – 0.09375 X
SI = PRT / 100
∴ X × 15/4 × T/100 = 0.09375X
∴ T = (0.09375 × 4 × 100) / 15
= 2.5 years

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