A man lends ` 1800 to two persons at the rate of 4% and 1 4 2 % simple interest p.a. respectively. At the end of 6 years, he receives ` 462 from them. How much did he lend to each other?
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Step-by-step explanation:
A man lends ` 1800 to two persons at the rate of 4% and 1 4 2 % simple interest p.a. respectively. At the end of 6 years, he receives ` 462 from them. How much did he lend to each other?
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Answer:
A man lends 18,000 two persons,
let, amount of first person = x
definitely, amount of second = 18000-x
as we all know that
I=P×R×T or I=P×R×T/100
Step-by-step explanation:
according to question
I or 4620= PRT +PRT
4620=X×4%×6 + (1800-X)×9/2%×6
first person=8000
second person = (1800-800)= 10,000
answer is 8,000 and 10,000
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