Question

Arun invested a sum of money at a
certain rate of simple interest for a
period of 4 years. Had he invested the
same sum for a period of six years, the
total interest earned by him would have
been 50% more than the earlier interest
amount. What was the rate of interest
per annum​

Answer 1

Answer:

Arun invested a sum of money at a certain rate of simple interest for a period of four years. Had he invested the same sum for a period of six years the total interest earned by him would have been fifty percent more than the earlier interest amount. What was the rate of interest per cent per annum?

A) 4%

B) 8%

C) 5%

D) Cannot be determined

Correct Answer:

D) Cannot be determined

Description for Correct answer:

According to the question,

P×R×6100=P×R×4100×150100

This relation gives no result.

Step-by-step explanation: