Multiple Choice Questions on In what time will the simple interest on Rs 1000 at 3 per annum be the same as that on Rs 1500 at 6 ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

In what time will the simple interest on Rs 1000 at 3 per annum be the same as that on Rs 1500 at 6 ...........

Quantitative Aptitude ( CCS) Simple Interest
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    In what time will the simple interest on Rs. 1000 at 3% per annum be the same as that on Rs. 1500 at 6% per annum in 3 years?

    6years
    Incorrect Answer
    8years
    Incorrect Answer
    9years
    Correct Answer

    5years

    Incorrect Answer
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    Explanation:

    Let time is n years.
    (1000*3*n)/100 = (1500*6*3)/100
    n=9years.

    Hence, option 3 is the correct answer.

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