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Sitaram, a money lender, lent a part of Rs 200,000 to Shyam at 6% p.a. simple interest and the remaining amount to Sushil at 10% p.a. simple interest. Sitaram earned an annual interest income of Rs 18,000. Based on the given information, answer the following question:
What is the ratio of the interest paid by Shyam and Sushil respectively?
1:3
1:5
3:5
2:3
Let's find the ratio:
- Step 1: Let \(x\) be the amount lent to Shyam. Therefore, \(200,000 - x\) is lent to Sushil.
- Step 2: The interest from Shyam is \(0.06x\) and the interest from Sushil is \(0.10(200,000 - x)\).
- Step 3: According to the question, the total interest from both is Rs 18,000. Therefore:
$$0.06x + 0.10(200,000 - x) = 18,000$$
- Step 4: Solve the equation:
$$
0.06x + 20,000 - 0.10x = 18,000
-0.04x + 20,000 = 18,000
-0.04x = -2,000
x = 50,000
- Step 5: Shyam pays \(0.06 \times 50,000 = 3,000\).
- Step 6: Sushil pays \(0.10 \times 150,000 = 15,000\).
- Step 7: Thus, the ratio of interest by Shyam to Sushil is \(3,000:15,000 = 1:5\).
- Conclusion: The correct answer is Option 2: 1:5.
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