Question
Divide Rs 2500 into two parts such that the interest on one part at 12% for 2 years equals the interest on the other part at 6% for 4 years. Find the two parts.
On Simplifying:- 24c = {(2500 × 24) - 24c} 24c = 60,000 - 24c 48c = 60,000 c = 60,000/48 c = 1250 The two sums are Rs 1250 and Rs 1250.More Simple and compound interest Questions
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