Practicing Success
If the simple interest on a sum of ₹x at 6 % p.a. for two years is double the simple interest on another sum of ₹y at 9% per annum for three years, then which of the following is true? |
x = 2y x = 4.5y 3x = 7y 2x = 5y |
x = 4.5y |
We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) ATQ, \(\frac{x×6× 2 }{100}\) = 2× \(\frac{y × 9 × 3 }{100}\) 12x = 54y x = 4.5y |