đŸ“¢ Too many exams? Don’t know which one suits you best? Book Your Free Expert đŸ‘‰ call Now!


    Question

    Rs.9000 is divided into two parts such that if one part

    be invested at 5% and the other at 7%, the annual interest from both the investments is Rs. 580. Find each part.
    A Rs.1200, Rs.5400 Correct Answer Incorrect Answer
    B Rs.2500, Rs.6500 Correct Answer Incorrect Answer
    C Rs.2400, Rs.3000 Correct Answer Incorrect Answer
    D Rs.5100, Rs.4550 Correct Answer Incorrect Answer

    Solution

    Let the amount lent at 5% rate = Rs. x. Then, amount lent at 7% rate = 9000 - x So, => 5% of x + 7% of (9000 - x) = 580 => 7% of 9000 – 2% of x = 580 => 630 – 2% of x = 580 => 2% of x = 50 => x = (50/2) × 100 => x = Rs. 2500 Amount lent at 5% rate = Rs. 2500 Amount lent at 7% rate = 9000 – 2500 = Rs.6500

    Practice Next
    ask-question