Multiple Choice Questions on Two equal sums were lent out at 7 and 5 S I respectively The interest earned on the two loans add up........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Two equal sums were lent out at 7 and 5 S I respectively The interest earned on the two loans add up...........

Quant (SSC) Simple Interest
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    Two equal sums were lent out at 7% and 5% S.I. respectively. The interest earned on the two loans add up to ? 960 for 4 years. The total sum lent out in 

    3500

    Incorrect Answer

    2500

    Incorrect Answer

    2000

    Correct Answer

    3000

    Incorrect Answer
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    Explanation:

    If each amount lent be x, then
    According to question,
    x × 7 × 4 /100 + x × 5 × 4 /100
    = 960
    ⇒ 48x /100 = 960
    ⇒ x = 960 × 100 /48 = 2000

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