Divide Rs. 1080 into two parts such that if the first be lent at
6% for 5 years and second be lent at 10% for 4 years
, the
interest may be in the ratio 3 : 5.
Answers
Given:
Divide Rs. 1080 into two parts such that if the first be lent at 6% for 5 years and the second be lent at 10% for 4 years, the interest may be in the ratio 3 : 5.
To find:
The two parts
Solution:
We know,
For the first part interest:
The rate of interest, R = 6%
The no. of years, T = 5 years
Let "x" be the sum of money lent.
∴
For the second part interest:
The rate of interest, R = 10%
The no. of years, T = 4 years
Let "(1080 - x)" be the sum of money lent.
∴
Now, as given in the question, we can form the equation as:
∴
Thus,
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