A finance company lends a certain sum to a customer at 10.5% interest and receives ₹37800 as interest at the end of 4 years. What was the sum of money lent to the customer?
Answers
Answered by
2
Step-by-step explanation:
Let the sum lent to C be
x
Simple interest on
₹
1500
at
8
%
for
4
years + simple interest on
x
at
8
%
for
4
years
=
₹
1400
⇒
1500
×
8
×
4
100
+
x
×
8
×
4
100
=
1400
⇒
8
×
4
(
1500
+
x
)
100
=
1400
⇒
1500
+
x
=
4375
⇒
x
=
2875
Solution 2
Simple interest received from B
=
1500
×
8
×
4
100
=
480
Simple interest received from C
=
1400
−
480
=
920
Sum lent to C
=
100
×
920
8
×
4
=
2875
Solution 3
Simple interest on the total money lent at
8
%
for
4
years
=
₹
1400
Total money lent
=
100
×
1400
8
×
4
=
4375
Thereofre, money lent to C
=
4375
−
1500
=
2875
Hope its help..
Answered by
4
Answer:
37800 = p x 10.5 x 4/100
= 42/100 = 21/50= 0.42
37800 divided by 0.42= 90000
the answer is 90000
Step-by-step explanation:
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