Question

Shruti lent some money to Pallavi at 5% p.a.
simple interest. Pallavi lent the whole amount
to Niki on the same day at 8.5% p.a. In this
transaction after a year Shruti earned a profit of
350. Find the sum of money lent by Shruti to
Pallavi.​

Answer 1

Answer:

7000

Step-by-step explanation:

let the principal amount be x

gain % = 5% per annum

given

5% of ( x ) = 350

$5\%x = 350 \\ \\ = > \frac{5}{100} \times x = 350 \\ \\ = > x = 350 \times \frac{100}{5} \\ \\ x = 7000$

HOPE IT HELPS