Difficulty: Easy
Correct Answer: 6 years
Explanation:
Introduction / Context:
When two simple interests are equal, set their expressions equal and solve for the unknown time. This is a direct proportion problem linking principal, rate, and time.
Given Data / Assumptions:
Concept / Approach:
Equalize simple interests: (P1 * r1 * t1)/100 = (P2 * r2 * T)/100 → P1 * r1 * t1 = P2 * r2 * T → solve for T.
Step-by-Step Solution:
I1 = 1680 * 7.5% * 4 = 1680 * 0.075 * 4 = ₹ 504Set I2 equal: 1200 * 7% * T = 5041200 * 0.07 * T = 504 → 84 * T = 504 → T = 6 years
Verification / Alternative check:
Compute I2 with T = 6: 1200 * 0.07 * 6 = ₹ 504 (matches I1).
Why Other Options Are Wrong:
Any value other than 6 fails to produce ₹ 504 for I2.
Common Pitfalls:
Dropping the /100 factor or mismultiplying rates given as fractions or percentages.
Final Answer:
6 years
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