In how many years does a sum of Rs. 7000 yield a simple interest of Rs. 16000 at 15% p.a.?	Choose the correct choice from the following options
A) 15.23 years  B) 16.23 years  C) 17.23 years  D) 18.23 years  E) 19.23 years
T = (100 * 16000)/(15 * 7000) = 15.23 years   15.23 yearsNSWER:15.23 years
<result>A</result>
In how many years does a sum of Rs. 7000 yield a simple interest of Rs. 16000 at 15% p.a.?