Question

A lends rs.2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives rs 1120 as interest from B and C is :



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Answer 1

Let the sum lent to C be x.

Given the rate of interest is 7%.

Now according to the question,

100

2500×7×4

+

100

x×7×4

=1120

⇒2500×28+28x=112000

⇒2500+x=4000

⇒x=4000−2500=1500

Hence the sum lent to C is Rs.1500.

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