Navjot invested his salary of Rs 8600 in two parts. The first part earned simple interest at 15% per annum for 4 years, which equalled the interest on the second part invested at 20% for 3 years. Find the difference between the two parts.
ARs 0 ✓ Correct
BRs 150
CRs 280
DRs 320
Correct answer: (A) Rs 0
Explanation
The two parts are equal, so the difference is Rs 0.
Interest on part 1 = P1 x 15 x 4 / 100 = 0.60 P1.
Interest on part 2 = P2 x 20 x 3 / 100 = 0.60 P2.
These are set equal, so 0.60 P1 = 0.60 P2, giving P1 = P2.
Each part = 8600 / 2 = 4300, so the difference = 0.
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