Rs. 9,200 is divided into two parts so that the amount of the first after 2 years equals the amount of the second after 4 years, both at 5% per annum simple interest. What is the second part?
Correct answer A. Rs. 4,400
Explanation
a × 1.10 = b × 1.20, so a : b = 12 : 11. Second part = 9200 × 11/23 = Rs. 4,400.
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