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      Question

      Some amount out of Rs. 24000 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. 14400. What is the amount which was lent out at 10% per annum?
      A Rs. 11200 Correct Answer Incorrect Answer
      B Rs. 5600 Correct Answer Incorrect Answer
      C Rs. 16000 Correct Answer Incorrect Answer
      D Rs. 4800 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Overall rate of interest = (24000×R×5)/100 = 14400 R = 12% Using allegation method Amount lent out at 10% per annum = 2/3×24,000= 16000

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