Question

In how many years, rs.150 will produce the same interest at 8% as rs.800 produce in 3 years at 4 1/2%? Select one: a. 9 b. 12 c. 8 d. 6

Answer 1

P = Rs. 800 R = 4 1⁄2 = (9⁄2 T = 3 years S.I. = Rs. (800 x 9 x ⁄2 3⁄100) = 108 < Now, P = Rs 150, S.I. = Rs. 108, R = 8% Time = (100 x 108⁄150 x 8)
= 9 years
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