Question discussion

Vijay lent out an amount Rs. 10000 into two parts, one at 8% p.a. and the remaining at 10% p.a. both on simple interest. At the end of the…

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Vijay lent out an amount Rs. 10000 into two parts, one at 8% p.a. and the remaining at 10% p.a. both on simple interest. At the end of the year he received Rs. 890 as total interest. What was the amou
  • A6000
  • BRs. 5500
  • CRs. 4500
  • DRs. 5000
Correct answer: B

Discussion 1

0
CCommunity
Rs. 5500

Let the amount lent out at 8% p.a. be Rs. A
=> (A * 8)/100 + [(10000 - A) * 10]/100 = 890
=> A = Rs. 5500.