In what time will a sum of 8000 at 7% simple interest produce the same interest has 6000 for 5 years at 4% simple interest ?
it's answer is 2.14
I want full method
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plz
it's answer is 2.14
I want full method
best answer will be mark as brainliest and I will follow you
plz help
plz
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Answer:
S.I.(i) =8000*7*t/100
=560t
S.I.(ii)=6000*4*5/100
=1200
S.I.(i)=S.I.(ii)
560t=1200
t=15/7 years
=2.14 years
Answer:
2.14 years
Step-by-step explanation:
(i)
P = 8000, R = 7%.
SI = PTR/100
= (8000 * T * 7)/100
= 56000T/100
= 560T
(ii)
P = 6000, R = 4%, T = 5 years.
SI = PTR/100
= (6000 * 4 * 5)/100
= 120000/100
= 1200
Given that they produce same interest.
560T = 1200
T = 1200/560
T = 2.14.
Therefore,
Time = 2.14 years.
Hope it helps!