a sum of rupees 1550 is lent out into two parts, one at 8% and another at 6% if the total annual income is rupees 106 then find the money lent at each rate
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Let the sum lent at 8% be Rs. x and that at 6% be Rs. (1500-x)
8x +9300-6x=10600=2x=1300=x=650
[x×8×1/100]+[(1550-x)×6×1/100]=106
Money lent at 8%=Rs.650.Money lent at 6% = Rs. (1550-650)=Rs.900
8x +9300-6x=10600=2x=1300=x=650
[x×8×1/100]+[(1550-x)×6×1/100]=106
Money lent at 8%=Rs.650.Money lent at 6% = Rs. (1550-650)=Rs.900
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