Q.At what annual rate of interest will the simple interest on ₹900 for 4 years be equal to the simple interest on ₹720 for 6 years at 5% per annum?

Let the annual rate of interest be \(x\%\) According to the question: \[ \frac{900 \times 4 \times x}{100} = \frac{720 \times 6 \times 5}{100} \] Or, \[ 900 \times 4 \times x = 720 \times 6 \times 5 \Rightarrow x = \frac{720 \times 6 \times 5}{900 \times 4} = 6 \] ∴ The annual rate of interest is 6%
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