A sum Rs 1550 is lent out into two parts one at 8 and another one at 6 If the total annual inc...........

Quantitative Aptitude ( CCS) Simple Interest

A sum Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate.

Rs. 875, Rs. 675

Rs. 1050, Rs. 500

Rs. 950, Rs. 600

Rs. 650, Rs. 900

Let Amount given at 8% is 'x' and Amount given at 6% is (1550 - x)

(x × 8%) + (1550 - x) × 6% = 106

Multiplying both sides by 100 :-

8x + (1550 -x) × 6 = 10600

8x + 9300 – 6x = 10600

2x = 1300

x = 650

Hence Rs.650 @ 8% and Rs.900 @ 6%.

Note:- If the time period is not given, Take it as 1 year by default.

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