A lends ₹ 2500 to B and a certain sum to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives ₹ 1120 as interest from B and C, then the sum lent to C is :
Aptitude
Simple Interest
Difficulty: Medium
Choose an option
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A₹ 700
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B₹ 1500
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C₹ 4000
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D₹ 6500
Answer
Correct Answer: ₹ 1500
Explanation
### Concept & Additive Simple Interest
When a total interest amount is given from multiple sources, it is the sum of the individual simple interests calculated separately using:
$$SI = \frac{P \times R \times T}{100}$$
Total $SI$ = $SI_1 + SI_2$
### Step-by-Step Solution
* **Given:**
* For B: $P_1 = 2500$, $R = 7\%$, $T = 4$ years.
* For C: $P_2 = x$, $R = 7\%$, $T = 4$ years.
* Total Interest = $1120$.
* **Calculation:** Express the total interest as an equation:
* $1120 = \left(\frac{2500 \times 7 \times 4}{100}\right) + \left(\frac{x \times 7 \times 4}{100}\right)$
* Simplify the terms:
* $1120 = (25 \times 28) + \left(\frac{28x}{100}\right)$
* $1120 = 700 + 0.28x$
* Subtract 700 from both sides:
* $420 = 0.28x$
* Solve for $x$:
* $x = \frac{420}{0.28} = \frac{42000}{28} = 1500$.
### Exam Strategy & Shortcut
Instead of calculating separate interests, calculate the combined principal since rate and time are identical for both.
Total Interest = $\frac{\text{Total Principal} \times R \times T}{100}$
$1120 = \frac{(2500 + x) \times 7 \times 4}{100}$
$1120 = (2500 + x) \times \frac{28}{100}$
$2500 + x = 1120 \times \frac{100}{28} = 40 \times 100 = 4000$.
$x = 4000 - 2500 = 1500$.
### Common Pitfall
A common error is confusing the total interest received with the total amount received. The problem specifies ₹ 1120 is the *interest*.
### Final Answer
Therefore, the correct answer is **₹ 1500**.