Question

9. In what time will the Simple Interest on 400 at 10% per annum be the same as the
Simple Interest on 1,000 for four years at 4% per annum?
10. Mr Jane donates * 1 lakh to a school and the interest on it is to be used for awarding
five scholarships of equal value. If the value of each scholarship is * 1,500, find the rate
of interest.​

Answer 1

Answer:

after 4 years both interest are equal