Some amount out of Rs.8500 was lent at 5% per annum and the remaining was lent at 3% per annum. If the total simple interest from both the fractions in4 years was Rs.1500, the sum lent at 5% per annum was a) Rs. 2400 b) Rs. 2200 c) Rs. 2000 d) Rs. 6000

1 Answer

Answer :

D

Total simple interest received , I = Rs.1500

Principal , p = 8500

period, n = 4 years

Rate of interest, r = ?

Simple Interest, I=PNR/100

1500 = ( 8500 ×4× r )/ 100

 = 1500/ 85×4

 = 75/17

image
required ratio is: 12:5
 Given that total amount is Rs.8500.
 Therefore, the amount lent at 5% per annum (part1 amount) = 8500x12/17
 = 6000 

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