Simple interest on Rs 500 for 4 years at 5% is the same... – Arithmetic

Arithmeticeasy · Past Paper

Simple interest on Rs 500 for 4 years at 5% is the same as simple interest on Rs 400 for 5 years at what rate?

A4%

B5%

C6%

D10%

✓ Correct Answer: B — 5%

Interest 1 = (500*4*5)/100 = 100. For Interest 2 to be 100: (400*5*R)/100 = 100 => 20R = 100 => R = 5%.

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