14.7k views
5 votes
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 )

User Haniku
by
5.5k points

1 Answer

2 votes

Answer:

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).

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).

User Jason George
by
5.4k points