Q. In how many years l, will the simple interest on Rs 540 for 8 years @5% p.a. be equal to the simple interest on Rs 900 @ 6%p.a.?
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Answer:
4 Years
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Step-by-step explanation:
according to the question
simple interest 1=simple interest 2
(540×8×5)/100=(900×T×6)/100
540×8×5=900×T×6
3×8×5=5×T×6
∴T=4 Years
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