1.

In what time will Rs. 2700 yield the same simple interest at 4% per annum as Rs. 2250 in 4 yearsat 3% per annum?

Answer»

Second principle=Rs.2250
2ND time=4years
2nd rate=3% P.A
S.I=(P*R*T)/100=Rs270
Then
Principal =Rs2700
Rate=4% P.A
S.I=Rs.270
Req. time=(S.I*100) / (P.R)=2.5years



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