Question

Divide 10000 in two parts so that the simple interest on the first part for 4 years at 12 per cent per annum may be equal to the simple interest on the second part for 4.5 years at 16 per cent per annum.

Answer 1

Answer:

first part is 5000

so I=PTR/100

=5000×4×12/100

=50×4×12

=2400

and second part also 5000

=5000×4.5×16/100

=800×4.5

=3600