📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Bank A's simple interest rate is 25% higher than Bank

    B's. A person wants to divide their savings between the two banks to earn the same amount of interest after 1 year and 6 months. What should be the ratio of the amounts deposited in Bank A and Bank B?
    A 3: 5 Correct Answer Incorrect Answer
    B 4: 7 Correct Answer Incorrect Answer
    C 4: 5 Correct Answer Incorrect Answer
    D 5:8 Correct Answer Incorrect Answer
    E none Correct Answer Incorrect Answer

    Solution

    Let the interest of bank B = 4y Then, interest of bank A = 5y And deposit amount in bank A = M And, deposit amount in bank B = N According to question- M/N = 4/5 = 4: 5

    Practice Next
    More Quant Miscellaneous Questions

    Relevant for Exams:

    ask-question