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  4. A sum of ₹ 24,000 is divided into two parts P1 and P2, such that the simple interest calculated on P1 for 3 years and on P2 for 4 years are equal. If the rates of interest on P1 and P2 are 4 % and 5 %, respectively, then find the smaller of the parts P1 and P2.

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Q. A sum of $₹ 24,000$ is divided into two parts $P_1$ and $P_2$, such that the simple interest calculated on $P_1$ for 3 years and on $P_2$ for 4 years are equal. If the rates of interest on $P_1$ and $P_2$ are $4 \%$ and $5 \%$, respectively, then find the smaller of the parts $P_1$ and $P_2$.

Simple Interest and Compound Interest

Solution:

Correct answer is (d) $₹ 9000$