Question

Two equal sum of money are lent at the same time at 8% and 7% per annum simple interest. The former is recovered 6 months earlier than the latter and the amount in each case is rs.2560. The sum and the time for which the sum of money are lent out are:

Answer 1

Answer:

Two equal sums of money are lent at the same time at 9% per annum and 8% per annum simple interest respectively. The former is recovered 6 months earlier than the latter and the amount in each case is Rs. 17,680. Find the sum

A) Rs. 14,500

B) Rs. 13,000

C) Rs. 12,500

D) Rs. 10,000

E) Rs. 14,000

Answer:

Option B

Explanation:

Let sum lent for interest in each case be Rs. 100

Given 100×(N−12)×9100 =100×N×8100

⇒N =92 =412 Yrs

If P=100 then Total Amount =100 +{(100×8×9)(100×2)} =136

If 136 is Total Amount then lent =100

If 17,680 is Total Amount then,

Lent =(17680×100)136 = Thanks