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?
papay dey Answered question February 15, 2025
Simple Interest Calculation
Simple interest formula:
Interest = (P × R × Time) / 100
Let’s denote the principal amount as P and the rate of interest as R.
Interest for 6 years = (P × R × 6) / 100
Interest for 9 years = (P × R × 9) / 100
Ratio of simple interest earned for 6 years and 9 years:
= (Interest for 6 years) : (Interest for 9 years)
= ((P × R × 6) / 100) : ((P × R × 9) / 100)
= 6 : 9
= 2 : 3
The ratio of simple interest earned for 6 years and 9 years is 2:3.
papay dey Answered question February 15, 2025
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