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Discussion :: Simple Interest

  1. In what time will Rs.4000 lent at 3% per annum on simple interest earn as much interest as Rs.5000 will earn in 5 years at 4% per annum on simple interest?
    2. A.
    8 1/3 years
    B.
    9 years
    C.
    7 1/2 years
    D.
    7 1/3 years

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    Answer : Option A

    Explanation :

    (4000*3*R)/100 = (5000*5*4)/100

    R = 8 1/3

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