Question 50
The ratio of simple interest calculated biennially and quarterly at the same rate of interest for the same time period is _____.
Solution
Simple Interest biennially = (1/2)*(P*r*2T)/100 = PrT/100
Simple Interest quarterly = (8)*(P*r*T/4)/100 = 2PrT/100
So, Ratio = 1:2
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