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What is the minimum number of years upon which SI on Rs 2600 at 6.67% interest rate will be in whole number?

  • A.2
  • B.3
  • C.4
  • D.5

Answer: B

Simple Interest =Principal * Rate * Time

Principal = 2600 Rs

Interest Rate = 6.67%

=> SI = 2600 * (20/3)*Time

SI of the number will be a whole number for the first time when time is three as denominator of rate is 3.

Hence time should be set to 3 years.

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