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?