Question 19

Interest on Rs.800 in 3 years at 4% Simple Interest equals twice the interest on Rs.300 at 8% in 'n' years,thenfind 'n’.

Solution

SI=$$\frac{P*R*T}{100}$$

Given,

$$\frac{800*3*4}{100}$$=2*$$\frac{300*8*n}{100}$$

96=2*24n

96=48n

n=$$\frac{96}{48}$$

n=2


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