The problem requires finding the ratio $x : y$ based on equal simple interest yields from two different investments.
The formula for Simple Interest (SI) is:
$ SI = \frac{P \times R \times T}{100} $
Where:
Interest from investment ₹$x$:
Interest from investment ₹$y$:
The problem states that the interests are the same:
$ SI_x = SI_y $
$ \frac{45x}{100} = \frac{50y}{100} $
We can simplify the equation by cancelling out the denominator $100$:
$ 45x = 50y $
To find the ratio $x : y$, we rearrange the equation:
$ \frac{x}{y} = \frac{50}{45} $
Now, simplify the fraction:
$ \frac{x}{y} = \frac{50 \div 5}{45 \div 5} = \frac{10}{9} $
Therefore, the ratio $x : y$ is $10 : 9$.
The simple interest on ₹1,280 at 5% p.a. in 3 years is:
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