Question

in what time will the simple interest on RS 500 at 6% be equal to the interest on RS 450 for 8 year at 5%?​

Answer 1

Answer:

6 years

$si = \frac{ptr}{100}$

$\frac{500 \times 6 \times t}{100} = \frac{450 \times 8 \times 5}{100}$

$20 \times t = 120 \\ t = 6$