For an amount of Rs. 14,000, a simple interest rate of 7% per annum yielded Rs. 15,960. In how many years was the maturity value attained?

For an amount of Rs. 14,000, a simple interest rate of 7% per annum yi

1.	For an amount of Rs. 14,000, a simple interest rate of 7% per annum yielded Rs. 15,960. In how many years was the maturity value attained?
A.	2
B.	1
C.	5
D.	3
Answer» B. 1

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For an amount of Rs. 14,000, a simple interest rate of 7% per annum yielded Rs. 15,960. In how many years was the maturity value attained?

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