A sum of Rs. 2704 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum?
Choose the correct answer.
A) 1672 B) 1664 C) 1677 D) 1698 E) 1679
(x*8*3)/100 = ((2704 - x)*3*5)/100   24x/100 = 40560/100 - 15x/100   39x = 40560 =&gt; x = 1040   Second sum = 2704 â€“ 1040 = 1664   Answer:1664
<result>B</result>
A sum of Rs. 2704 is lent into two parts so that the interest on the first part for 8 years at 3% per annum may be equal to the interest on the second part for 3 years at 5% per annum. Find the second sum?