In what time will Rs.4000 lent at 3% per annum on simple interest earn as much

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Question

In what time will Rs.4000 lent at 3% per annum on simple interest earn as much interest as Rs.5000 will earn in 5 years at 4% per annum on simple interest?

Options:

A . 8 1/3 years

B . 9 years

C . 7 1/2 years

D . 7 1/3 years

Answer: Option A

(4000*3*R)/100 = (5000*5*4)/100

R
= 8 1/3

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