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Rs. 12000 is divided into two parts such that simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4.5 years at 16% per annum. The ratio of the first part to the second part is = ?

Correct Answer: 2 : 1

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Math MCQ: Rs. 12000 is divided into two parts such that simple interest on the first part for 3 years at 12% per annum may be equal to the simple interest on the second part for 4.5 years at 16% per annum. The ratio of the first part to the second part is = ? | Extra Education