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) ?
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