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1.
Bank X pays a simple interest of TaKa 80 on principal o taka 1,000 annually . Bank y pays a simple interest of TaKa 140 on a principal of Taka 1000 annually . What is the ratio of the interest rates of Bank x to Bank y ?
- A. 4:7
- B. 4:7
- C. 4:7
- D. 4:7
Answer: Option A
Explanation:
Ratio of the interest rates of Bank X to Bank Y = 80/140 = 4/7
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