Question

5. A lends a sum of money for 10 years at 5% simple interest. B lends double that amount for 5 years
at the same rate of interest. Which of the following statements is true in this regard?
(a) A will get twice the amount of interest that B would get.
(b) B will get twice the amount of interest that A would get.
(c) A and B will get the same amount as interest.
(d) B will get four times the amount of interest that A would get.
i hammed 7720 form A at 8% simple interest for 3 years and lent the same sur Cat 10
(a​

Answer 1

Answer:

(c) A and B will get the same amount as interest.

Step-by-step explanation:

let sum be 'x'

SI=PTR/100

  =x*10*5/100

  =x/2 (for A)

B lends double the amount means 2x for 5 years and with 5% interest

SI=2x*5*5/100

  =x/2

since in both cases A and B get same interest

Note: you can calculate by taking same value instead of variable 'x'