d Word Problem 2 | Job Exam Rare Mathematics (JEMrare) - Solved MCQs

# Word Problem 2

Problem 2: On an investment interest at rate of 4% for 8 months term is Rs 129 less than the interest on the same amount at rate of 5% for 15 months. What is the value of investment (principal amount) ?

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Solution:

simple arithmetic questions and answers

In the First Case;

R1=4,  T1 = 8/12

In the 2nd Case;

R2 =5,  T2= 15/12

According to condition of question;

So, the principal amount was Rs 3600

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