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Question : A sum of Rs. 6000 is divided into two parts. The annual simple interest on the first part at the annual rate of 10% is equal to the annual simple interest on the second part at the annual rate of 15%. How much is the interest on each part for one year?

Option 1: Rs. 300

Option 2: Rs. 330

Option 3: Rs. 360

Option 4: Rs. 420


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 10th Jan, 2024

Correct Answer: Rs. 360


Solution : Let the sum be divided into two parts P 1 and P 2 .
Also, let the interest of the two parts be I 1 and I 2 .
For the first part (P 1 ​):
⇒ I 1 ​ = P 1​ × 0.10 × 1 (1 year)
For the second part (P 2​ ):
⇒ I 2 ​= P 2​ × 0.15 × 1 (1 year)
Now, P 1​ × 0.10 × 1 = P 2 ​ × 0.15 × 1
Also, P 1 ​ + P 2 ​ = 6000
⇒ P 2 ​ = 6000 − P 1​
So, P 1 ​ × 0.10 × 1 = (6000−P 1 ​) × 0.15 × 1
⇒ 0.10P 1​ = 0.15(6000−P 1​ )
⇒ 0.10P 1 ​ = 0.15(6000−P 1 ​)
⇒ P 1 = $\frac{900}{0.25}$
⇒ P 1 ​= Rs. 3600
⇒ P 2 ​ = 6000 − P 1 ​ ​= 6000 − 3600 ​= Rs. 2400
⇒ I 2 ​ = P 2​ × 0.15 × 1
⇒ I 2​ = Rs. 360
Hence, the correct answer is Rs. 360.

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