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 $P_{2}$ .

27 147 Simple Interest and Compound Interest Report Error

₹ 10,000

Solution: