Question

at what time will the simple interest on ₹ 1500 at 4% per annum be equal to that on₹ 300 at 3% per annum
in 3 years?​

Answer 1

Answer:

Principle= Rs 4000

time=2 year

Rate=10%

Compound interest=P×(1+r)  

n

−P

I=P{(1+r)  

n

−1}

I=4000(1+.10)  

2

−1

I=4000(1.21−1)

I=840

AS per question,  

Simple interest=840/2=420=PRT/100

S0, I=420=P×0.08×3

I=1750Rs

Answer (C) 1750 Rs

Step-by-step explanation:

Answer 2

answer will be 5 months 12 days