A sum of Rs. 2600 is lent out in two parts in such a way that the simple interest on one part at 10%
for 5 years is equal to that on another at 9% for 6 years. The sum sent out at 10% is ______
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Answered by
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answer is 1350
Lets solve this question with help of equations
consider sum sent out at 10% be S
then sum sent out at 9% will be 2600-S
In the question.its given ,
1st SI = 2nd SI
S*rate1*time1=(2600-S)*Rate2*Time2
S*10/100*5 =(2600-S)*9/100*6
S = 1350
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