- In how many years the interest on Rs. 1200/- at 5% is equal to the interest on Rs. 800/- at 7.5% in 2.5
years?
Answers
Answered by
3
Answer:
simple interest. interest rate is ... Find the rate percent and time, if both are numerically equal. 6\frac{1}{4}% p.a., 6 yrs 5 months.
Answered by
2
Answer:
2.5 years
Interest on Rs 800 at 7.5% simple interest for 2.5 years = Interest on Rs 1200 at 5% simple interest for say 'n' number of years.
800 x
7.5
100
x 2.5 = 1200 x
5
100
x n
n = 800 x
7.5
100
x 2.5 x
1
1200
x
100
5
n =
150
60
= 2.5 years
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