Multiple Choice Questions on What will be the ratio of simple interest earned by certain amount at the same rate of interest for ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

What will be the ratio of simple interest earned by certain amount at the same rate of interest for ...........

Quantitative Aptitude ( CCS) Simple Interest
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    What will be the ratio of simple interest earned by certain amount at the same rate of interest for 5 years and that for 15 years?

    3 : 2

    Incorrect Answer

    1 : 3

    Correct Answer

    2 : 3

    Incorrect Answer

    3 : 1

    Incorrect Answer
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    Explanation:

    Simple Interest = PRT/100
    Here Principal(P) and Rate of Interest (R) are constants
    Hence, Simple Interest ∝ T
    Required Ratio = Simple Interest for 5 years /Simple Interest for 15 years

    = T1/T2 = 5/15 = 1/3 = 1:3

    Hence, option 2 is the correct answer.

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