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  1. In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?
    1. 2 yrs
    2. 3 yrs
    3. 4 yrs
    4. 6 yrs
Correct Option: C

Here , P= Rs 1000
T= 4 yrs
R= 4 %
where, P= Principal
T= Time
R= Rate
Since , Simple Interest on Rs 1000=(1000 × 4 × 4)/100
= Rs 160

now, simple interest=Rs 160
P = Rs 400
R = 10 %
then, T=(100 × SI)/P × R
= (100 × 160)/(400 × 10)
= 4 yr



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