Business Studies, asked by kdjifjodjoos2634, 7 months ago

A lender lends the same amount each to two people X and Y for a period of 6 years and 8 years respectively. However, the interest rate charged to Y is double that of X. Find the ratio of simple interest earned by the lender from X and Y.

Answers

Answered by jsanthoshjoshhh

1

Answer:

3:8

Explanation:

total rate of interest= R×T

suppose r= 1%

x:y= 1×6:2×8

6:16 =3:8

hope you can understand

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