Divide ₹1,000 into two parts so that the simple interest on the first part for 4 years at 12% per annum may be equal to the simple interest on the second part for 4.5 years at 16% per annum.
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Answer:₹600 and ₹400
Step-by-step explanation:
Let the first part be x and second be (1000-x).
SI on x = SI on (1000-x)
x*12*4/100=(1000-x)*4.5*16/100
x*12*4=(1000-x)*4.5*16. (100 is cancelled from both side)
48x=72(1000-x)
48x=72000-72x
48x+72x=72000
120x=72000
x=72000/120
x=₹600
The two parts are ₹600 and ₹400.
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