2/3 part of my sum is lent out at 3% per annum, 1/6 part is lent out at 6% per annum and the remaining part is lent out at 12% per annum. All three parts are lent out at simple interest. If the annual interest income is ₹25, what is the sum?
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Answer:
RS.500
Step-by-step explanation:
Let entire sum = P
According to the question
23P×3%+16P×6%+[1−(23+16)]P×12%
=> 2P3×3100+P6×6100+[1−4+16]12P100=25
=> 2P100+P100+2P100=25
=> 5P=2500, P=500
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