In what time will the Simple Interest on 400 at 10% per annum be the same as the
Simple Interest on 1000 for four years at 4% per annum?
Answers
Answered by
1
Answer:
4 yr
Step-by-step explanation:
Here , P= Rs 1000
T= 4 yrs
R= 4 %
where, P= Principal
T= Time
R= Rate
Since , Simple Interest on Rs 1000=(1000 × 4 × 4)/100
= Rs 160
now, simple interest=Rs 160
P = Rs 400
R = 10 %
then, T=(100 × SI)/P × R
= (100 × 160)/(400 × 10)
= 4 yr
Answered by
1
Answer:
I hope you understand
Step-by-step explanation:
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