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Simple interest on Rs 500 for 4 years ...

Simple interest on Rs 500 for 4 years at 6.25% per annum is equal to the simple interest on Rs 400 at 5% per annum for a certain period of time. The period of time is

A

4 years

B

5 years

C

`6 (1)/(4) ` years

D

`8 (2) /(3) `years

Text Solution

Verified by Experts

The correct Answer is:
C
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