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Simple interest on 500 for 4 years at 6.25% per annum is equal to the simple interest on 400 at 5% per annum for a certain period of time. The period of time is
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- 4 years
- 5 years
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6 1 years 4 -
8 2 years 3
Correct Option: C
Let the period of time be T years. Then,
According to question ,
| = | ||
| 100 | 100 |
| T = | = | ||
| 400 × 5 | 4 |
| T = 6 | Years. | |
| 4 |
