engineering recuitment HPCL Junior Executive 2025 Mock Test Quantitative Aptitude Interest Simple Interest
In 't' years, the simple interest earned on a certain amount at the rate of 10% per annum is 5/8th of the principal amount. If the rate of interest is made three-fourth of 10% and the simple interest remains the same, which of the following statements is true about the changed value of time?
1
It remains the same as 't'.
2
It becomes three-fourth of the time 't'.
3
It increases to 8\(\frac{1}{3}\) years.
4
It decreases to 5\(\frac{1}{2}\) years.