In what time will Rs.4000 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 answers.
A) 8 1/3 B) 8 1/6 C) 8 1/4 D) 8 1/8 E) 8 1/9
(4000*3*R)/100   = (5000*5*4)/100   R = 8 1/3   8 1/3nswer: 8 1/3
<result>A</result>
In what time will Rs.4000 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?