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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

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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