A man lent rs. 2000 - partly at 5% and the balance at 4%. If he receives rs. 92 towards annual interest, find the amount lent at 5%.
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Answer:-He lead at 5%---> Rs 51.12
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Given:
Total Amount lent = 2000 Rs
Interest rate = 5% and 4%
Annual Interest = 92
To Find:
Amount lent at 5%.
Solution:
- Let x Rs be the amount lent at 5%.
- Then 2000-x Rs will be lent at 4%.
- Total Interest = 92 Rs
Therefore,
We can see that 5%(x) and 4%(2000-x) add up to give the total interest.
- x (5%) + (2000-x)4% = 92
- 5x + 8000 - 4x = 9200
- x = 9200 - 8000
- x = 1200 Rs.
The amount lent at 5% is 1200Rs.
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