Rs. 13,500 is divided into two parts so that the simple interest on the first at 8% per annum for 3 years equals the simple interest on the second at 6% per annum for 5 years. What is the first part?
Correct answer A. Rs. 7,500
Explanation
8 × 3 × a = 6 × 5 × b gives 24a = 30b, so a : b = 5 : 4. First part = 13500 × 5/9 = Rs. 7,500.
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