Question

Mohan lent some amount of money at 9% simple interest and an equal amount of money at 10% simple interest each for two years. If his total interest was rs. 760, what amount was lent in each case?

Answer 1

Hey,,,,

S.I is alresdy given rs. 760

S.I formula is P×R×T/100

R= 10

T=2

P=?

So P = S.I × R × T / 100

760×10×2/100= 3200

So the money lent is 3200rs.

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