Question

In what time will Rs. 2700 yield the same simple interest at 4% per annum as Rs. 2250 in 4 years
at 3% per annum?​

Answer 1

Second Principal = Rs. 2250

2nd Time = 4 years

2nd Rate = 3% P.A

S.I = (P*R*T)/100 = Rs 270

Now let's us come back to the main problem

Principal = Rs. 2700

Rate = 4% P.A

S.I = Rs. 270

Required Time = (S.I*100)/(P*R) = 2.5 years

Answer = Required Time is 2.5 years or 2 years 6 months