In what time will Rs.4400 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 correct choice from the following options.
A) 7 4/3 B) 7 4/6 C) 7 4/7 D) 7 1/2 E) 7 1/5
(4400*3*R)/100 = (5000*5*4)/100   R = 7 4/7   Answer: 7 4/7
<result>C</result>
In what time will Rs.4400 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?