Simple Interest Practice Test 3

Question : 11 of 40

Marks: +1, -0

In how many years, Rs. 150 will produce the same interest at 8% p.a. as Rs. 800 produce in 3 years at

4 1/2

p.a.?

Solution:

I ={800 ×9 ×3}/{100× 2}

= Rs. 108
Hence,

T={108×100}/{150×8}

= 9 years

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