Discussion :: Simple Interest
- A sum of Rs. 2665 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum?
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Answer : Option B
Explanation :
(x*8*3)/100 = ((2665 - x)*3*5)/100
24x/100 = 39975/100 - 15x/100
39x = 39975 => x = 1025
Second sum = 2665 “ 1025 = 1640
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