πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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

      Practice Next

      Relevant for Exams:

      ask-question