In what time will the simple interest on ruppee 400 at 10% per annum be the same as the simple interest on ruppee 1000 for four years at 4% per annum ?
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Step-by-step explanation:
Principal = Rs 2000
Time = 4 years
Interest = Rs 400
Let Rate of Interest= R
Now, Interest=100Principal×Rate×Time
400=1002000×R×4
R=2000×4400×100
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