Ram deposited a certain sum of money in a company at 12% per annum simple interest for 4 years and deposited equal amounts in fixed deposit in a bank for 5 years at 15% per annum simple interest. If the difference in the interest from two sources is Rs. 1350 then the sum deposited in each case is = ?
A. Rs. 3000
B. Rs. 4000
C. Rs. 6500
D. Rs. 5000
Answer: Option D
Solution (By Examveda Team)
Difference between their rates he gained from both boys$$\eqalign{ & \Rightarrow (15 \times 5)\% - (12 \times 4)\% \cr & \Rightarrow 75\% - 48\% \cr & \Rightarrow 27\% = 1350{\text{ }}({\text{given)}} \cr & \Rightarrow 100\% = {\text{Rs}}{\text{. 5000}} \cr} $$
This Question Belongs to Arithmetic Ability >> Interest
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