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A sum of Rs 3100 is lent out at simple interest in two parts. One at 8% per annum and another at 6% per annum. If the total annual interest is Rs 212, then what is the money (in Rs) lent at rate of 8%?
- A1000
- B1250
- C1300
- D1400
Answer not set
Discussion 1
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CCommunity
Let P1 = x and P2 = 3100 - x
Simple Interest =(P × R × T)/100
Where P is Principle amount, R is rate of interest, T is time in years.
Total annual interest = I1 + I2 = (8 × x × 1)/100 + [(3100 - x) × 6 × 1]/100
x = Rs. 1300
Simple Interest =(P × R × T)/100
Where P is Principle amount, R is rate of interest, T is time in years.
Total annual interest = I1 + I2 = (8 × x × 1)/100 + [(3100 - x) × 6 × 1]/100
x = Rs. 1300