Ram and Shyam deposit an equal amount of money in a bank at simple interest. Ram deposits for a time thrice as long as Shyam at two-thirds of Shyam’s interest rate. Find the ratio of the interests received by Ram and Shyam.
A
2:3
B
2:1
C
3:2
D
1:2
Correct Option - B
Explaination
Let the amount be Rs.P
Interest received by Shyam
= P*T*R/100
Interest received by Ram
=[ P*3T*(2/3)R]/100
= 2PTR/100
Ram’s Interest:Shyam’s Interest = 2:1