Divide $15600 into two parts such that interest on one at 5 per cent for 5 years may be equal to that on the other at 4.5 per cent for 6 years.
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(X*2*6/100) = ((6000-x)*3*8)/100;
12x = 144000- 24x;
Or, 36x = 144000;
Or, x = 144000/36 = Rs. 4000.
1st part = Rs. 4000;
2nd part = Rs. 2000.
12x = 144000- 24x;
Or, 36x = 144000;
Or, x = 144000/36 = Rs. 4000.
1st part = Rs. 4000;
2nd part = Rs. 2000.
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