Question

In how much time will the simple interest on Rs 3600 at the rate of 9% per annum be equal to the simple interest on Rs 4500 at 10.8% per annum for four years?​

Answer 1

Answer:

The amount is given as Rs4320 and the principle is given as Rs3600 with the rate of 4%. Then, the simple interest will be,

S.I.=Amount−Principle

=4320−3600

=720

Now,

S.I.= P x R x T

100

720= 3600 x 4 x T

100

T= 720×100

3600×4

T=5years

Step-by-step explanation:

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Answer 2

Answer:

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