Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 28327

Q.  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?
- Published on 07 Jul 17

a. 9600
b. 8400
c. 10100
d. 6500

ANSWER: 8400
 
simple interest

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