Question

In what time will Rs. 45000, at 4% per annum, produce the same interest at Rs.18000 does in 5 years at 8% simple interest?

A 4 years Correct Answer Incorrect Answer
B 5 years Correct Answer Incorrect Answer
C 6 years Correct Answer Incorrect Answer
D 7 years Correct Answer Incorrect Answer
E 10 years Correct Answer Incorrect Answer

Solution

Let the time be t years According to the question, (45000×4×t)/100 = (18000 ×5 ×8)/100 180t = 720 t = 4years

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