Question

In how many years, Rs. 150 will produce the same interest at 6% as Rs. 800 produce in 2 years at 4½% ?
Options:
A .  4 years
B .  6 years
C .  8 years
D .  9 years
Answer: Option C

Answer : Option C

Explanation :

Let Simple Interest for Rs.150 at 6% for n years = Simple Interest for Rs.800 at 4½ % for 2 years
$MF#%\begin{align}&\dfrac{150 \times 6 \times n}{100} = \dfrac{800 \times \dfrac{9}{2} \times 2}{100} \\\\ &150 \times 6 \times n = 800 \times \dfrac{9}{2} \times 2 \\\\ &150 \times 6 \times n = 800 \times 9\\\\ &3 \times 6 \times n = 16 \times 9 \\\\
&6 \times n = 16 \times 3\\\\
&2 \times n = 16\\\\ &n = 8\text{ years }\end{align}$MF#%



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