Bank X pays a simple interest of Taka 80 on a principal of Taka 1,000 annually. Bank Y pays a simple interest of Taka 140 on a principal of Taka 1,000 annually, What is the ratio of the interest rates of Bank Y?
Answer:
4:7
Bank X pays a simple interest of Taka 80 on a principal of Taka 1,000 annually. Bank Y pays a simple interest of Taka 140 on a principal of Taka 1,000 annually, What is the ratio of the interest rates of Bank Y?