8% of a sum of money is ₹ 16. What is 15% of the same sum?
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The simple interest on a certain sum for 8 months at 4% simple interest is Rs 129 less than the simple interest on the same sum for 15 months at 5% per annum. Then the sum is
A
Rs.3,400
B
Rs.3,500
C
Rs.3,600
D
Rs.3,700
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Correct option is C)
Let the sum be=x
As per problem,
⇒100×12x×5×15−100×12x×4×8=129
⇒120075x−32x=129
⇒43x=154800,
x=43154800=3600
The sum is Rs.3600
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15 percentage of the same
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