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Home Aptitude Simple Interest See What Others Are Saying!
  • Question
  • Subbarao was approached by two neighbour for loan. He had ? 2540, a part of which he lent to one person at 12% interest per annum and the other part was lent to the second person at 12.5%. At the end of a year, Subbarao received ? 311.60 as interest on the total loan . Calculate the amount of money of money lent by him at 12% interest .?


  • Options
  • A. ? 1360
  • B. ? 1340
  • C. ? 1240
  • D. ? 1180

  • Correct Answer
  • ? 1180 

    Explanation

    Let the amount of money lent at 12% interest be ? P.
    ? Amount of money lent at 12.5% interest = ? (2540 - P)

    According to the question;
    (P x 12 x 1)/100 + [(2540 - P) x 12.5 x 1]/100 = 311.60
    ? -0.5P/100 + 31750/100 = 311.60
    ? 0.5P = 31750 - 31160 = 590
    ? P = ? 1180


  • More questions

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    • Discuss
    • 2. 
      The sum of the digits of two-digit number is 14 and the difference between the two digits number is 2. What is the product of the two digits of the two-digit number?

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    • 3. 
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    • 4. 
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    • 5. 
      A persom invests ? 12000 as fixed deposit at a bank at the rate of 10% per annum simple interest. But due to some pressing needs, he has to withdraw the entire money after 3 yr for which the bank allowed him a lower rate of interest. If he gets ? 3320 less than, what he would have got at the end of 5 yr the rate of interest allowed by bank is

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