Question

Shyam borrowed a certain sum from a bank at the rate of 8% per annum simple
interest.He lent the whole amount to Om at the rate of 12% per annum simple
interest. At the end of 3 years Shyam returned the loan with interest to the bank. In
this way he had a profit of Rs.720. How much sum did Shyam borrow from the
bank?
1) Rs. 8000 2) Rs. 7200 3) Rs. 8200 4) Rs. 6000
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Answer 1

Answer:

Let the principal be Rs.x.

S.I. = Principal×Time×Rate/100

According to the question,

x×12×3/100−x×8×3/100 = 720

→36x/100 - 24x/100 = 720

→12x/100 = 720

→12x = 72000

→x = 6000

Therefore principal = 6000 rupees

Step-by-step explanation:

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