How much time will it take for an amount of 1000 to yield 100 as interest at 5% per annum of simple interest?\nOptions:\n(A) 3 years\n(B) 4 years\n(C) 2 years\n(D) 5 years\n(E) 7 years
Let's think step by step below.
(C)
Time = (100 x 100)/(1000 x 5) years = 2 years.

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So, the answer is (C)