Question

annum for 3 years.
2. Calculate the time required for the simple
interest earned on 3000 at the rate of
interest on 8000 at the rate of 8% per
4% per annum to be equal to the simple​

Answer 1

Answer:

16 years

Step-by-step explanation:

interest on 8000 at8% for 3 years =

8000*9*3/100

=80*8*3

640*3=1920

interest on 3000 at4% in x years

=1920

3000*4*x=1920

120x=1920/120x=16 years