Some amount out of Rs. 7000 was lent at 6 % p.a. and the remaining at 4 % p. a. If the total simple interest from both the fractions in 5 years was Rs. 1600, the sum lent at 6 % p. a. was —

Rs. 2000

Rs. 5000

Rs. 3500

None of these

Correct Answer: Rs. 2000

Explanation:

Question

Some amount out of Rs. 7000 was lent at 6 % p.a. and the remaining at 4 % p. a. If the total simple interest from both the fractions in 5 years was Rs. 1600, the sum lent at 6 % p. a. was —

Accepted Answer

Some amount out of Rs. 7000 was lent at 6 % p.a. and the remaining at 4 % p. a. If the total simple interest from both the fractions in 5 years was Rs. 1600, the sum lent at 6 % p. a. was —

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