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1. The simple interest on a certain sum of money for 2 1/2 years at 12% per annum is TK. 40 less than the simple interest on the same interest on the same sum for 3 1/2 years at 10% per annum. Find the sum.

  • A. TK. 700
  • B. TK. 700
  • C. TK. 700
  • D. TK. 700

Answer: Option B

Explanation:

Hints : The simple interest on a certain sum of money for 2.5 year's at 12% per annum is TK.40 less than the simple interest on the same sum for 3.5 years at 10% per annum

The simple interest on a certain sum of money for 2.5 years at 12% per aannum = pnr = 12 × 2.5 × x the simple interest on the same sum for 3.5 years at 10% per annum = pnr = 1 × 3.5 × x

So, 12 × 2.5 × x + 40 = 1 × 3.5 × x

0.3x + 40 = 0.35 x

o.35 x - 0.3x = 40

o.o5x = 40

x = 800


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