in how much time will the simple interest on rupees 2500 at the rate of 8% per annum be the same as the simple interest on rupees 3000 at the rate of 9.75 % per annum for 5 years
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Answer: 3.5 years
Step-by-step explanation:
Just equate both sides using the formula prt/100
Let the time BE x YEARS
•°• (2500×8×x)/100 = (3000×9.75×5)/100
X= 3.5 years
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