Q123
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
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Difference between their rates he gained from both boys