Question
Quantitative Aptitude Question on Simple Interest
A sum of 7,700 is lent on simple interest in two parts in such a way that the interest on the first part at 20% p.a. for 5 years is equal to the interest on the other part at 9% p.a. for 6 years. Find the smaller part of the sums lent in two parts.
A
2,400
B
5,000
C
5,300
D
2,700
Answer
2,700
Explanation
Solution
The Correct answer is option (D) : 2,700