Question

In what time will the simple interest on rs. 1750 at 9% per annum be the same as that on rs. 2500 at 10.5% per annum in 4 years? 6 years and 8 months

Answer 1

SI2 is 2500*10.5*4/100

= 1050

SI1 is equal to SI2

time is (1050*100)/(1750*9)

= 6years 6months