In how much time will a sum of Rs. 5250 amounts to Rs. 9870 at the rate of 11 percent per annum at simple interest ?

8 years 14 years 12 years 15 years

8 years

Principal (P) = 5250 Rs Amount (A) = 9870 Rs Rate (R) = 11% p.a. Interest = A - P = 98780 - 5250 = Rs 4620 S.I. = \(\frac{P×R×T}{100}\) 4620 = \(\frac{5250×11×T}{100}\) ∴ Time = 8 years