If 1100 is obtained after lending out x at 5% per annum for 2 years and 1800 is obtained after lending out y at 10% per annum for 2 years, find x + y.
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1100 is obtained after lending out Rs. x at 5% per annum for 2 years and Rs. 1800 is obtained after lending out Rs. y at 10% per annum for 2 years, find x + y.
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Answer:
Step-by-step explanation:
Case 1 : P1+I1 = 1100 ; R = 5%; T = 2 Year
I1 = P1RT/100
100I1 = 10P1 = 10(1100 + I1)
I1 =100
∴ P1 = 1100 -100 = 1000 (value of X)
Case 2 : P2+I2 = 1800 ; R = 10%; T = 2 Year
I2 = P2RT/100
100I2 = 20P2 = 20(1800 + I1)
I2 =300
∴ P2 = 1800 -300 = 1500 (value of Y)
∴ X + Y = 1000 + 1500 = RS. 2500
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