Multiple Choice Questions on Some amount out of Rs 7000 was lent at 6 p a and the remaining at 4 p a If the total simple interest........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Some amount out of Rs 7000 was lent at 6 p a and the remaining at 4 p a If the total simple interest...........

Quantitative Aptitude ( CCS) Ratio, Proportion
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    Some amount out of Rs. 7000 was lent at 6% p.a. and the remaining at 4% p.a. If the total simple interest from both the fractions in 5 years was Rs. 1600 the sum lent at 6% p.a. was

    Rs. 3000

    Incorrect Answer

    Rs. 4000

    Incorrect Answer

    Rs. 5000

    Incorrect Answer

    Rs. 2000

    Correct Answer
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    Explanation:

    Let the sum lent at 6% p.a. =X
    therefore, (X*7*5)/100+(7000-X)*5*4/100=1600
    =>30X+140000-20X=160000
    =>10X=20000
    =>X=2000

    By: MIRZA SADDAM HUSSAIN
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