A sum of ₹26000 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. Find the difference between two parts
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Answer & explanation
Correct answer: option 4
Let the resp principals be P₁, P₂
P₁ x 10% x 5 = P₂ x 9% x 6
P₁ x 50% = P₂ x 54%
P₁ : P₂ = 27 : 25
52R(Total) = 26000
⇒ R = 500
Difference = 2R = 1000