A sum of ₹13600 is lent out in two parts in such a way that the interest on one part at 8% for 6 years is equal to that on another part at 6% for 9 years. Find the difference between two parts.
Answer & explanation
Correct answer: option 2
Let the resp principals be P₁, P₂
P₁ x 8% x 6 = P₂ x 6% x 9
P₁ x 48% = P₂ x 54%
P₁ : P₂ = 8 : 9
17R(Total) = 13600
⇒ 1R = 800
Difference = 1R = 800