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?Solution
Overall rate of interest = (12000×R×5)/100 = 7200 R = 12% Using allegation method,
Money lent @ 10% = 2/3 × 12000 = Rs. 8000
More Simple and compound interest Questions
- Which renowned ancient university was established by Emperor Kumaragupta?
What is the currency of Japan?Â
Which country’s football coach, Robert Martinez, confirmed that Cristiano Ronaldo remains key for the FIFA World Cup 2026 despite an injury?
What was the rank of India in the International Renewable Energy Agency Renewable Capacity Statistics 2026 report?
- Which Indian festival was President Droupadi Murmu invited to inaugurate in 2025?
- Bromine is characterized as which of the following?
- Consider the following statements regarding carbohydrates:
(I) Monosaccharides are carbohydrates that cannot be hydrolysed into simpler polyhydroxy ... - Which amendment to the Indian Constitution incorporated the terms 'Socialist,' 'Secular,' and 'Integrity' into the Preamble?
- Which of the following pairs (Rebellion - Year) is incorrectly matched?
- Longitudinal waves cannot travel through which of the following?