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Two equal sums of money are lent to A an...

Two equal sums of money are lent to A and B for 3 years at 4% and 6% simple interest respectively. If B paid Rs. 468 more than A, find the sum lent to both

Text Solution

Verified by Experts

`SI=(P*R*T)/100`
`A=A_A`
`B=A_B`
According to questions
`A_B=A_A+468`
`P+(P*6*3)/100=P+(P*4*3)/100+468`
`(18P)/100=(12P)/100+468`
`(6P)/100=468`
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