In what time will Rs.4000 lent at 3% p.a. on simple interest earn as much as interest as Rs.5000 will earn in 5 years at 4% p.a. on simple interest?
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Answers
Answered by
3
Answer:
81/3 years
Step-by-step explanation:
(4000*3*T)/100 = (5000*5*4)/100
T = 81/3 years
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Answered by
0
Answer:
8.33 or 8 years and 4 months
Step-by-step explanation:
SI = PTR/100
In the first case,
SI = 4000 × T × 3 / 100
120 T
In the second case,
SI = 5000 × 5 × 4 / 100
= 1000
So the rime taken will be,
120T = 1000
T = 25/3
T = 8.33 or 8 years and 4 months
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