Question

Q13. Simple interest on 500 for 4
years at 6.25% per annum is equal to
the simple interest on 400 at 5%
per annum for a certain period of
time. The period of time is:​

Answer 1

Answer:

Let the required time = t years

According to the question,

500×4×6.25100=400×5×t100

5×4×625=400×5×t

t=625100=254=6 and 1\4years

Step-by-step explanation:

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