the bank lent rupees 1550 partly at 5% and partly at 8% per annum interest.The total interest received by the bank after three years was rupees 300. what is the ratio of money lent at 5% to that lent at 8%?
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answer is16:15 pls mark it as brainliest answer if u like it
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Answered by
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300=+
300*100=15x+37,200-24x
30,000=15x+37,200-24x
24x-15x=37,200-30,000
9x=7,200
x=
x=800(for 8%)
1550-x=1550 - 800
1550-x=750(for 5%)
=
=16:15
∴The ratio of money lent at 5% to that lent at 8% is 16:15
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