The simple interest on 7200, which is lent for 5 years, is same as the simple interest on 8000 for 4 years at a rate of 12% per annum. Find the rate at which 7200 is lent.
Answers
Answered by
5
Answer:
Interest paid by Priya =
100
7200×5×5
=1800
Interest paid by Megha =
100
7200×4×5
=1440
Difference =1800−1440=360
Hence, D is the right option.
Step-by-step explanation:
This may help you
Similar questions