1)

The compound interest on Rs. 1800 at a10% per annum, for certain period of time is Rs. 378. Find the same time in years.


A) 2 Yrs

B) 3 Yrs

C) 5 yrs

D) 4 Yrs

E) $2\frac{1}{2}$ Yrs

Answer:

Option A

Explanation:

$P=1800$, $CI=378$

Time $=N$

$A$ $=1800+378$ $=2178$

$2178$ $=1800\left(1+\frac{10}{100}\right)^{N}$

N = 2 yrs