RRB NTPC · Question 4
Rahul invested X rupees for 3 years at a rate of y% interest. Shyam invested the same amount at the same rate for 12 years. Find the ratio of simple interest earned by Rahul to simple interest earned by Shyam. A. 1 ∶ 3 B. 1 ∶ 4 C. 2 ∶ 3 D. 4 ∶ 1
Show answer & explanation
Answer: (B) B
Explanation
Simple interest is proportional to time for the same principal and rate: 3 years : 12 years = 1 : 4.