a man lent a part of ₹30000 at 12% and the remaining at 10% simple intrest. the total intrest he received after 2 years is ₹36480.calculate the amount he lent at 12%. Plz help me with this question
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Given:-
- Rate, r = 12 %
- S.I = 10 %
- Time, n = 2 years
- Total interest received = ₹ 36480
To find:-
The amount he lent at 12%.
Solution:-
Let the sum lent at the rate of 12 % per annum be ₹ x.
So, the lent at 10 % p.a. is ₹ (3000-x).
S.I at the end of 2 years = ₹ (36480 - 30000)
= ₹ 6480
So,
[(x*12*2)/100] + {[(3000-x)*10*2]/100} = 6480
24x + 600000 - 20x = 648000
⇒4x = 48000
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