Question

Rita borrows two equal sums at the same time at 6% and 5% p.A. Simple interest respectively. She finds that if she pays the former sum with simple interest on a certain date exactly one year before the latter, she will have to pay in each case the same amount i.E., rs.3900. Find the sum.

a. Rs.2600

b. Rs.2800

c. Rs.3000

d. Rs.3200

e. Rs.3400

Answer 1

Answer:

e. Rs.3400 is the right answer