In what time will the simple interest on Tk. 400 at 10% per annum be the same as the simple interest on Tk. 1000 for 4 years at 4% per annum?

1. In what time will the simple interest on Tk. 400 at 10% per annum be the same as the simple interest on Tk. 1000 for 4 years at 4% per annum?

[Asst. Excutive Officer 2019 [MCQ] : 2019]

1. 3 years

2. 4 years

3. 5 years

4. 6 years

Answer

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