A sum of Rs. 50250 is divided into two parts such that the simple interest on the first part for 7years at 8% p.a. is times the simple interest on the second part for 5 years at 8% p.a. What is the difference (in Rs.) between the two parts?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 12750.
Let the two parts be 'x' and (50250 - x)
(x × 15/2 × 25/3)/100 = 5/2 × [(50250 - x) × 21/4 × 8]/100
25x = ( 50250 - x) × 42
x = 31500
Second part = 50250 - 31500 = 18750
Difference of both the parts = 31500 - 18750 = 12750.