Question

In what time will the simple interest on 900 at 6% be equal to the simple interest on 540 for 8 years af 5%?​

Answer 1

Step-by-step explanation:

Let T be the required time

Interest will be equal in both case.

I=

100

PTR

⇒

100

900×6×T

=

100

540×8×5

⇒900×6×T=540×8×5

⇒T=

900×6

540×8×5

⇒T=4

Required time =4 years

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