1.

The equal amounts of money are deposited in two banks each at 15% per annum for 3.5 years and 5 years respectively. If the difference between their interests is Rs.144, find the each sum?

Answer»

<P> Rs.640



(P*5*15)/100 - (P*3.5*15)/100 = 144

75P/100 –52.5P/100 = 144

22.5P = 144 * 100 

=> P = Rs.640



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