Question

Nair borrowed a sum of rs.100 from kapoor at the simple rate of 5% p.a. for 3 years. he then added some more money to the borrowed sum and lent it to dipak for the same time at 8% p.a. if nair gains rs.173 by way of interest on the total lent out money, then find the amount

Answer 1

The amount of money lent by Nair is Rs. 721