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a) 2.5 years
b) 3 years
c) 3.5 years
d) 4 years
correct answer is: a) 2.5 years
Explanation
Here,
P = ₹ 9540
SI = ₹ 1908
R = 8 %
We know, time =\frac{100\times S I}{P\times R}
\therefore time =\frac{100\times1908}{9540\times8}
\rightarrow time = 2.5 years
Ans: 2.5 years.
