In what time will the simple interest on Tk. 400 at 10% per annum be the same as the simple interest on TK. 1000 4 years at 4% per annum?

A 3 years
B 4 years
C 5 years
D 6 years

Correct Answer: 4 years

W know, simple interest, I = Prn ATQ, 400×10100×n = 1000×4100×4⇒40n  = 160⇒n = 16040.'. n  = 4years 
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