Question
Bank A's simple interest rate is 25% higher than Bank
B's. A person wants to divide their savings between the two banks to earn the same amount of interest after 1 year and 6 months. What should be the ratio of the amounts deposited in Bank A and Bank B?Solution
Let the interest of bank B = 4y Then, interest of bank A = 5y And deposit amount in bank A = M And, deposit amount in bank B = N According to question- -Constable/1727954091-616.JPG)
M/N = 4/5 = 4: 5
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