a lends Rs 2500 to b and a certain sum to c at the same time at 7% per annum simple interest if after 4 years a altogether receives Rs 1,120 as interest from B and C find the sum lent to c
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Your Answer is Rs.1500
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Interest for 2500 at the rate of 7‰ for 4 years is Rs 700
So from C, he got Rs 420 (1120-700) as interest.
Hence using PRT =420 ie P*(7/100)*4=420, we get P to be 1500 where P is the amount lent to C
So from C, he got Rs 420 (1120-700) as interest.
Hence using PRT =420 ie P*(7/100)*4=420, we get P to be 1500 where P is the amount lent to C
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