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what will be the ratio of simple interest earned b
Question:
What will be the ratio of simple interest earned by a certain amount at the same rate of interest for 6 years and 9 years?
MAT - 2012
MAT
Updated On:
Jan 30, 2025
1 : 3
1 : 4
2 : 3
Data inadequate
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The Correct Option is
C
Solution and Explanation
Ratio of simple interest earned by a certain amount at the same rate of interest for 6 years and 9 years is
\(\frac{P_1×R_1×t_1}{100}:\frac{P_2×R_2×t_2}{100}\)
Where, P1 and P2 = P ; R1 and R2 = R (as the principle and rate of interest for both the cases are same)
\(t1=6;t2=9\)
\(\frac{P×R×6}{100}:\frac{P×R×9}{100}\)
\(6:9(or)2:3\)
Hence, option C is the correct answer.The correct option is (C): 2 : 3
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