Question

    Yukti borrowed a total of ₹24,000, dividing it into

    two parts. She paid simple interest on one part at 18% per annum and on the other part at 12% per annum, both for two years. The interest amounts for both parts are equal. What is the difference between the two amounts she borrowed at 18% and 12%?
    A Rs 4200 Correct Answer Incorrect Answer
    B Rs 4800 Correct Answer Incorrect Answer
    C Rs 3600 Correct Answer Incorrect Answer
    D Rs 3200 Correct Answer Incorrect Answer
    E Rs 5000 Correct Answer Incorrect Answer

    Solution

    Let us take one part be x and another one be 24000-x
    Given,
    (24000-x)* 18 * 2/100=x*12 * 2/100
    => 8640 - 0.36x = 0.24x
    => x = 8640/0.6
    => x = 14400
    So, Required difference = 14400 - 9600 = Rs. 4800

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