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Question

In what time will Rs. 15000, at 4% per annum, produce the same interest as Rs.6000 does in 5 years at 8% simple interest?

Q: In what time will Rs. 15000, at 4% per annum, produce the same interest as Rs.6000 does in 5 years a

Let the time be t years According to the question, (15000×4×t)/100 = (6000 ×5 ×8)/100 60t = 240 t = 4years

A 4 years

B 5 years

C 6 years

D 7 years

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Question

In what time will Rs. 15000, at 4% per annum, produce the same interest as Rs.6000 does in 5 years at 8% simple interest?

Solution

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