Math Problem Statement
A person invested ₹4,500 at 5% per annum and ₹5,500 at 8% per annum simple interest. Both investments were for 4 years. The amount obtained at the lower interest rate is what percent (rounded off to the nearest integer) of the amount obtained at the higher interest rate?
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Simple Interest
Percentage Calculation
Proportional Reasoning
Formulas
Simple Interest (SI) = (P × R × T) / 100
Percentage = (Amount1 / Amount2) × 100
Theorems
-
Suitable Grade Level
Grades 8-10
Related Recommendation
Calculate Investment Value: Simple and Compound Interest Over 4 Years
Solving Simple Interest Investment Problem with Different Rates
Calculate Time Using Simple Interest Formula for ₹28,200 at 9% Interest
Find Principal for Rs. 2,51,225 in 4.5 Years at 5% Simple Interest
Calculate Compound Interest Difference: Rs. 5000 at 8% for 1 Year 3 Months