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
6:8
C
9:18
D
2:7
Correct Answer: 4:7
Ratio of the interest rates of Bank X to Bank Y = 80/140 = 4/7