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If Rs. 12000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 9/2 years at 16% per annum, the greater part is = ?

Correct Answer: Rs. 8000

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Math MCQ: If Rs. 12000 is divided into two parts such that the simple interest on the first part for 3 years at 12% per annum is equal to the simple interest on the second part for 9/2 years at 16% per annum, the greater part is = ? | Extra Education