Word Problem 3
Problem 3: On a part of amount of Rs 1500, simple interest is applied @ 5% for one year. On the other part interest is applied @ 6% annually. The sum of both interests is Rs 85. Find the ration between two parts of the amount.
Solution:
simple arithmetic questions and answers
Here,
Using formula for Interest;
For First Case;
P = y, R=5, T= 1
So,
So. we take it first Interest,
For 2nd case;
P= 1500-y, R = 6, T =1
Again using;
We take it 2nd interest,
According to statement;
Ration