Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of ₹25600 is lent out in two parts in such a way that the interest on one part at 7% for 5 years is equal to that on another part at 9% for 5 years. Find the difference between two parts .

Options:

1600

2000

2400

3200

Correct Answer:

3200

Explanation:

Let the resp principals be P₁, P₂

P₁ x 7% x 5   =   P₂ x 9% x 5

P₁ x  35%       =   P₂ x 45%

P₁ : P₂ = 7 : 9

16R(Total) = 25600

⇒ 1R = 1600

 Difference = 2R = 1600 × 2 = 3200/-