What will be the ratio of simple
interest earned by a certain amount at
the same rate of interest for 3 years
and for 9 years?
Answers
Answered by
1
Let the principal be P and rate of interest be R %
Therefore,
Required Ratio= (P×R×3/100)/(P×R×9/100)
= 3PR/9PR
= 3/9
= 1/3
= 1:3
Hope it helped...
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