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    Question

    Some amount out of Rs. 12000 was lent out at 10% per

    annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amount collected was Rs. 7200. What is the amount which was lent out at 10% per annum?
    A 4000 Correct Answer Incorrect Answer
    B 9000 Correct Answer Incorrect Answer
    C 8000 Correct Answer Incorrect Answer
    D 5000 Correct Answer Incorrect Answer

    Solution

    Overall interest(SI) = (12000×R×5)/100 = 7200 or R = 12% Using allegation method Money lent @ 10% = 2/(2+1) × 12000 = 2/3 × 12000 = Rs. 8000

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