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Discussion

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?

  • A.8 1/3 years
  • B.9 years
  • C.7 1/2 years
  • D.7 1/3 years

Answer: A

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

 

R = 8 1/3

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