Question
The rates of simple interest in two banks A and B are in he ratio 5 : 4 A person wants o deposit his total savings in two banks in such a way that he received equal half yearly interest from both . He should deposit the saving in banks A and B in he ratio :
Answer: Option B
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Let the savings be X and Y and the rates of simple interest be `5x` and `4x` respectively .
Then , `X xx 5x xx 1/2 xx 1/100 = Y xx 4x xx 1/2 xx 1/100`
or `X/Y = 4/5` , i.e.,
X : Y = 4 : 5
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