Question

At what rate percent p.a. will Rs. 1500 produce the same interest in 5 years as
Rs. 3125 produce in 3 years at 4% p.a.​

Answer 1

Answer:

(1500×5×R)/100=(3125×3×4)/100

1500×5×R=3125×3×4

R=(3125×3×4)/1500×5

R=(125×4)/100

R=5

Rate is 5%