If a simple interest on a sum of money at 65 p.a. for 7 years is equal to twice of simple interest on another sum for 9 years at 5% p.a.. The ratio will be
Question
Solution 1
The problem is asking for the ratio of the two sums of money.
Step 1: Let's denote the first sum of money as P1 and the second sum as P2.
Step 2: According to the problem, the simple interest on P1 is equal to twice the simple interest on P2. We can write this as:
P1 * 65/100 * 7 = 2 * (P2 * 5/ Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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