In what time will Rs.4800 lent at 3% per annum on simple interest earn as much interest as Rs.5000 will earn in 5 years at 4% per annum on simple interest? Choose the most appropriate option
A) 7
B) 7 1/6
C) 7 1/3
D) 7 1/2
E) 8
(4800*3*R)/100 = (5000*5*4)/100   R = 7   7nswer: 7
<result>A</result>
In what time will Rs.4800 lent at 3% per annum on simple interest earn as much interest as Rs.5000 will earn in 5 years at 4% per annum on simple interest?