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23 October, 09:45

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)

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  1. 23 October, 10:14
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    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).
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