Manoj invests ₹ 12,000 at 6% per annum simple interest to obtain a total amount of ₹ 14,880. What is the time for which the amount was invested

CA Foundation · Quantitative Aptitude · MTP · January 2026
Manoj invests ₹ 12,000 at 6% per annum simple interest to obtain a total amount of ₹ 14,880. What is the time for which the amount was invested
(A) A. 3 years
(B) B. 4 years
(C) C. 2 years
(D) D. 5 years

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. 4 years

Topics: Part-A: Business Mathematics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic