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Question
What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 6 yr and that for 9 yr?
Options
1 : 3
1 : 4
2 : 3
Data inadequate
MCQ
Solution
2 : 3
Explanation :
Let the principal be P and the rate of interest be r %.
∴ Required ratio = `(((Pxxrxx6)/100))/(((Pxxrxx9)/100))=6/9=2 : 3`
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Simple and Compound Interest (Entrance Exam)
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