Give stream of consciousness and then the final answer. How much time will it take for an amount of 500 to yield 100 as interest at 5% per annum of simple interest?\nOptions:\n(A) 3 year\n(B) 4 year\n(C) 6 year\n(D) 5 year\n(E) 7 year
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Time = (100 x 100)/(500 x 5) years = 4 years.
The final answer: (B).
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