Ask Question
17 December, 03:17

What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? (with explanation)

+4
Answers (1)
  1. 17 December, 03:33
    0
    Ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years is 2:3 (2/3).

    Step-by-step explanation:

    SI for any amount p at r% annual rate in time t is given by

    SI = p*r*t / 100

    p = principal amount

    r = annual rate of interest

    t = time period

    As given ratio of simple interest earned by certain amount at the same rate of interest

    So, rate of interest be r and principal amount be p in both cases

    simple interest earned for 6 years = p*r*6/100

    simple interest earned for 9 years = p*r*9/100

    let take ratio for both SI

    simple interest earned for 6 years / simple interest earned for 9 years

    = (p*r*6/100) / (p*r*9/100)

    As p*r / 100 in numerator and denominator is common, it gets cancelled

    simple interest earned for 6 years / simple interest earned for 9 years

    =6/9 = 2/3

    Thus, ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years is 2:3 (2/3).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? (with ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers