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Q.

The simple interest on a certain sum for 8 months at 4% simple interest is Rs. 129 less than the simple interest on the same sum for 15 months at 5% per annum. Find the sum.

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a

Rs. 3000

b

Rs. 4200

c

Rs. 4000

d

Rs. 3600

answer is B.

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Detailed Solution

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Let the sum be x.

According to the question :

x × 8 × 412 × 100 = x × 15 × 512 × 100 - 129

x × 15 × 512 × 100 - x × 8 × 412 × 100 = 129

75x - 32x12 × 100 = 129

43x = 129 × 1200

 x = Rs. 3600

Hence, the correct answer is Rs. 3600.

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