In how much time will ₹5,000 at 4% per annum simple interest produce the same interest as ₹8,000 in 2 1/2 years at 8% per annum simple interest?

Question

In how much time will ₹5,000 at 4% per annum simple interest produce the same interest as ₹8,000 in 2 1/2 years at 8% per annum simple interest?

Options

A.

8 years

B.

5 years

C.

4 years

D.

2 years

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