In how many years does a sum of Rs. 4500 yield a simple interest of Rs. 16000 at 15% p.a.?
Choose the correct choice from the following answers:
A) 23.7 years
B) 24.7 years
C) 25.7 years
D) 26.7 years
E) 27.7 years
T = (100 * 16000)/(15 * 4500) = 23.7 years   23.7 yearsNSWER:23.7 years
<result>A</result>
In how many years does a sum of Rs. 4500 yield a simple interest of Rs. 16000 at 15% p.a.?