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If ₹12,000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the
second part for 4 1 years at 16% per annum, the greater part is 2
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- ₹8,000
- ₹6,000
- ₹7,000
- ₹7,500
- ₹8,000
Correct Option: A
Let the larger part of the sum be p
∴ Smaller part = (12000 – p)
According to the question,
= | ||
100 | 2 × 100 |
⇒ 36 p = (12000 – p ) 72
⇒ p = (12000 – p ) × 2
⇒ p + 2p = 24000
⇒ 3p = 24000
⇒ p = | = ₹ 8000 | |
3 |