Question

A part of rs.12000 is lent to ram at 7% per annum and the rest was lent to shyam at 3% per annum. If the total simple interest received from both parts in 5 years was rs. 2000. How much amount was lent to ram?

Answer 1

A part of rs.12000 is lent to ram at 7% per annum and the rest was lent to shyam at 3% per annum. If the total simple interest received from both parts in 5 years was rs. 2000. rs. 1,000 amount was lent to ram.