p and q invest different sums at 8%p.a. and 9%p.a. for two years the simple interest recieved by both of them are equal.find the investment of q if the total amount received is rs 27832.
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If Rs. 4000 is invested at 8% p.a. simple interest for 5 years, find the interest. Sol: simple interest formula: 4000 × 8 × 5/100 = Rs. 1600 ... Therefore, P:Q = 15x4/10x4 = 3:2.
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