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

SI on Rs 2250 = P×T×R/100

= 2250×4×3/100

= Rs 270

Then,

Let the time be T

A/Q

270= 2700× T× 4/100

T = 270/27×4

= 5/2 yrs

= 2.5 yrs