Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

Rs. 26000 is invested in two parts in such away that the simple interest on 1st part at 10% per annum for 5 years is equals the simple interest on 2nd part at 9% per annum for 6 years. Find amount of both parts.

Options:

12500, 13500

12000, 13000

11000, 15000

14000, 1200

Correct Answer:

12500, 13500

Explanation:

P₁ x 10% x 5  =   P₂ x 9% x 6

P₁ x  50          =   P₂ x 54

 

P₁ x  25          =   P₂ x 27

⇒ P₁ : P₂ = 27 : 25

⇒ Total = 52R =26000

⇒ R = 500

Amount for Part I = 27R = 13500

Amount for Part II = 25R = 12500