Mihir’s capital is 5/4 times more than Tulsi’s capital. Tulsi invested her capital at 50 % per annum for 3 years (compounded annually). At what rate % p.a. simple interest should Mihir invest his capital so that after 3 years, they both have the same amount of capital?

Options

A. A. 7%
B. B. 12%
C. C. 50/3%
D. D. 29%

Answer

B

Explanation

Required percentage
`=(14.4^(@))/(122.4^(@))xx100=11.765-~~12%` (Approx)