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    Question

    Jaideep invested two equal sums at 12% simple

    interest p.a. for 8 years and 10 years respectively. If the difference in interest earned is Rs.14,688. Find the sum invested by Jaideep?
    A Rs. 61,200 Correct Answer Incorrect Answer
    B Rs. 61,500 Correct Answer Incorrect Answer
    C Rs. 62,900 Correct Answer Incorrect Answer
    D Rs. 62,300 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let Principal = Rs.x , T1= 8 yrs, T2= 10yrs and Rate =12%p.a `(x xx 10xx 12)/100-(x xx 8xx 12)/100=14688 =>(120x)/100-(96x)/100=14688 ` ⇒`(24x)/100` = 14,688 ∴ `x = Rs. 61200`

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