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Simple Interest
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?
1 : 3
1 : 4
2 : 3
Data inadequate
None of these
Correct Answer:
2 : 3
Explanation:
Let the principal be P and rate of interest be R%.
∴ Required ratio =
❨
P x R x 6
❩
100
=
6PR
=
6
= 2 : 3.
❨
P x R x 9
❩
100
9PR
9
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