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A sum of ? 2550 was lent partly at 7% and partly at 9% per annum simple interest. The total interest received after 4 yr was ? 800, find the ratio of the money lent at 7% to that lent at 9%.
55 : 39
79 : 21
31 : 10
59 : 43
65 : 42
To solve the problem, let’s define the variables:
- Let the amount lent at 7% be X.
- The amount lent at 9% will be 2550 - X (since the total sum is 2550).
We know:
- Interest from the 7% amount for 4 years = \(X \times 7 \times 4 / 100 = 0.28X\).
- Interest from the 9% amount for 4 years = \((2550 - X) \times 9 \times 4 / 100 = 0.36 \times (2550 - X)\).
The total interest from both amounts after 4 years is 800:
$$0.28X + 0.36(2550 - X) = 800$$
Simplifying this equation:
- Solve for X and find:
- 0.28X + 918 - 0.36X = 800
- -0.08X = -118
- X = 1475
The amount lent at 9% = 2550 - 1475 = 1075.
- Ratio of money lent at 7% to 9%:
- \(\text{1475:1075}\)
- This simplifies to \(59:43\).
So, option 4 (59 : 43) is correct.
.
By: Parvesh Mehta ProfileResourcesReport error
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