1
Q:
A) 4.2 years | B) 2.1 years |
C) 1.1 years | D) 1.4 years |
Answer: B) 2.1 years
Explanation:
Explanation:
Let time period of S.I. be T years.
Then for a principal amount, say P,
ATQ, as, S.I. = C.I. for rate =10%p.a. and
time for C.I. = 2(P x 10 x T)/100 = P{[ (100+10)/100 ]2-1}T/10 = [ 110/100 ]2–1 = [(11/10)2–1] = (121-100)/100T/10 = 21/100T = 21/10 = 2.1 years