A man possessing rs. 6800 lent a part of it at 10% simple interest and the remaining at 7.5% simple interest. His total income after 3years was rs. 1904. Find the sum lent at 10% rates
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The sum lent at 10% rates is Rs. 4986.67.
Step-by-step explanation:
Let the principal at 10% simple interest be 'x'.
Let the principal at 7.5% simple interest be '6800-x'.
Number of years = 3
total income after 3 years = Rs. 1904
According to question, it becomes,
Hence, the sum lent at 10% rates is Rs. 4986.67.
# learn more:
QID : 10 - Some part of Rs 17500 was lent at the rate of 24% per annum simple interest and the remaining part at the rate of 10% per annum simple interest. The total interest received after 5 years is Rs 13300. What is the ratio of money lent at the rate of 24% and 10%?
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