New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A sum of 74000 is divided into two parts such that the

    simple interest on the first part for 3 years at 15% per annum is equal to the simple interest on the second part for 5.5 years at 12% per annum, the greater part is?
    A 30000 Correct Answer Incorrect Answer
    B 40000 Correct Answer Incorrect Answer
    C 36000 Correct Answer Incorrect Answer
    D 42000 Correct Answer Incorrect Answer
    E 44000 Correct Answer Incorrect Answer

    Solution

    Let the sum invested for 3 years (first part) be P.
    As per given condition:
    P * 3 * 15/100 = (74000 - P) * 5.5 * 12/100
    => 15P = (74000 - P) * 22
    => 37P = 74000 * 22
    => P = 44000

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