Question

6.
In how many years will the simple interest on 1,000 at 5% interest rate p.a., be equal to the simple interest on
800 for 5 years, at 5% interest rate p.a.?
[03 Marks)
7
Anerconto​

Answer 1

Step-by-step explanation:

interest on 800 for 5 year@5%p.a.

(800×5×5)/100=200

spouse, 200 interest on 1000@5% p.a. happened in x year, then

200=(1000×5×x)/100

x=200/50

=4years