Question

A man lend rs 10000 in four parts if he gets 8% on rs 2000

Answer 1

Let the whole amount is invested at 4% p.a. Then, Simple interest =

2000

×

4

×

1

100

= Rs. 80. This interest is short from actual interest by Rs. 92 - Rs. 80 = Rs. 12

The difference is because the amount is also invested at 5% p.a. Difference in two rates of interest = 5% - 4% = 1% p.a. Here, difference in rate is 1%, and difference in interest = Rs. 12

Therefore, Amount invested at 5% = 12 x

100

1

= Rs. 1200