Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of Rs 2525 is lent out in two parts in such a way that the interest on one part at 7% for 4 years is equals to that on another part at 6% for 7 years. Find the difference between the two parts of the sum.

Options:

Rs. 505

Rs. 1515

Rs. 1010

Rs. 1212

Correct Answer:

Rs. 505

Explanation:

Total sum = P =  P1 + P2

ATQ,

P1 x 7% x4   =   P2 x 6% x 7

P1 x 28%      =   P2 x 42%

2 x P1           =   3 x P2

⇒ P1   :    P2 =   3  :   2    = 5R (Total)

⇒ 5R = 2525,

1R = 505

Difference b/w P1 and P2 = 1R = 505