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?
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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