By Poonam

Verified by Ajay Kumar

At 5% per annum simple interest, the simple interest earned by A on his investment for 4 years equals the simple interest earned by B on his investment for 6 years. If B invested ₹12,000 less than A, what was A's investment (principal)?

  1. ₹24,000

  2. ₹30,000

  3. ₹36,000

  4. ₹48,000

Answer: C

Solution

Equal simple interest gives 4A=6B, so A=1.5B. Also A-B=12000. Thus 0.5B=12000, B=24000 and A=36000.

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