Question

Q7)In how much time will the simple interest on Rs. 3,500 at the rate of 6% per annum be the same as simple interest on Rs. 4,000 at 10.5% per annum for 4 years​

Answer 1

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Answer 2

Answer:

8yrs

Explanation:

SI = PTR/100

3500×T×6/100 = 4000×4×10.5/100

T = 4000×4×10.5/(3500×6)

T=8