The simple interest in 14 months on a certain sum at the rate of 6 per cent per annum is 250 more than the interest on the same sum at the rate of 8 per cent in 8 months. How much amount was borrowed?
Select:
A) 15000	B) 25000	C) 7500	D) 14500	E) None of these
Let the amount be x.   From the question, x×14×6/1200−x×8×8/1200=250   ∴ x = 15000   15000nswer 15000
<result>A</result>
The simple interest in 14 months on a certain sum at the rate of 6 per cent per annum is 250 more than the interest on the same sum at the rate of 8 per cent in 8 months. How much amount was borrowed?