New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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

    Practice Next

    Relevant for Exams: