Question

A sum of money invested at 2/3 % simple interest p.A. For 4 years yields the same interest as another sum invested at % simple interest p.A. For 6 yrs. What is the ratio of the two sum invested?

Answer 1

Answer:

The first yields an interest of 9% per annum and the second, 11% per annum. If the total interest at the end of one year is 9 3/4 %, then the amount invested in each share was: A.Rs 52,500 ; Rs 47,500.