Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller part?
| Question | Rs. 20400 was divided in two parts and then invested. One part invested at 6.25% for 8 years yields the same interest as the other part invested at 7% for 5 years. What is the value of smaller part? | |
| Type | multiple_choice | |
| Option | 9600 | incorrect |
| Option | 8400 | correct |
| Option | 10100 | incorrect |
| Option | 6500 | incorrect |
Solution
