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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?

Correct Answer: 2:3

Explanation:

Let the principal be P and rate of interest be R%.


 


Required ratio = P * R * 6 100 P * R * 9 100 = 6 P R 9 P R = 6 9 = 2 3


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