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What will be the ratio of the interests earned by identical sum of money invested at the same rate of simple interest for 6 years
and for 15 years respectively?
3 : 5
5 : 3
5 : 2
2 : 5
- When the same amount is invested at the same rate for different periods using simple interest, the interest earned is proportional to the time period.
- Therefore, the interest ratio will be directly related to the number of years.
- For investments of 6 years and 15 years, the interest earned will be in the ratio of their time periods.
- Calculate the ratio: 6 years to 15 years.
- Simplify the ratio: 6 : 15 = 2 : 5.
Correct Answer: Option:4 - 2 : 5
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