📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Rs.6000 is divided into two parts such that if one part

    be invested at 5% and the other at 8%, the annual interest from both the investments is Rs. 435. Find each part.
    A Rs.2400, Rs.3000 Correct Answer Incorrect Answer
    B Rs.1500, Rs.4500 Correct Answer Incorrect Answer
    C Rs.1700, Rs.3700 Correct Answer Incorrect Answer
    D Rs.1200, Rs.5400 Correct Answer Incorrect Answer

    Solution

    Let the amount lent at 5% rate = Rs. x. Then, amount lent at 8% rate = 6000 - x So,  => 5% of x + 8% of (6000 - x) = 435 => 8% of 6000 – 3% of x = 435 => 480 – 3% of x = 435 => 3% of x = 45 => x = (45/3) × 100  => x = Rs. 1500 Amount lent at 5% rate = Rs. 1500 Amount lent at 8% rate = 6000 – 1500 = Rs.4500

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question