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Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

Correct Answer: 500

Explanation:

Let the lent at 5% be 'A'

(A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85

5A/100 + 90 – 6A/100 = 85

A/100 = 5

=> A = 500

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