Question

In what time will the simple interest on 500 at 6% be equal
to the interest on 450 for 8
years at 5%.
​

Answer 1

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Answer:

6 years

Explanation:

understand

Answer 2

Explanation:

Let the time be t years.

SI on 500=SI on 450

therefore,

$(500 \times 6 \times t) \div 100 = (450 \times 8 \times 5) \div 100 \\ 30t = 180 \\ t = 180 \div 30 \\ t = 6$

Thus, time for simple interest on 500 at 6% to be equal to the interest on 450 at 5% for 8 years =6

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