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In what time will ₹10,000 at 4% per annum, produce the same interest as ₹8,000 does in 4 years at 5% simple interest?
Question

In what time will ₹10,000 at 4% per annum, produce the same interest as ₹8,000 does in 4 years at 5% simple interest?

A.

5 years

B.

3 years

C.

4 years

D.

6 years

Correct option is C


Interest earned on principal 8000 is:
SI
Required years:

t = 4 years

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