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In how many years, Rs. 1,500 will produce the same simple interest at the rate of $$8\%$$ as Rs. 6,000 produce in 3 years at the rate of $$4\%$$?
The interest on Rs. 6,000 is $$\frac{6000 \times 4 \times 3}{100} = 720$$ rupees. For Rs. 1,500 at $$8\%$$, $$\frac{1500 \times 8 \times T}{100} = 120T = 720$$. So $$T = 6$$ years.
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