RRB NTPC · Question 66
Rita invested a sum at a 2.5% rate for 4 years. Sita invested the same amount at the same rate for 6 years. What is the ratio of the simple interest earned by Sita to that earned by Rita? A. 3 : 2 B. 2 : 3 C. 1 : 3 D. 1 : 4
Show answer & explanation
Answer: (B) A
Explanation
Same principal and rate, so simple interest is proportional to time: 6 years : 4 years = 3 : 2 (Sita : Rita).