Question

A money lender lent out Rs 25,000 in two parts, one at 8\(\%\) and the other at 8.5\(\%\). If the total annual income on the amount is Rs 2031.25, the money lent at 8\(\%\) is

• A. Rs 12,500
• B. Rs 6,250
• C. Rs 10,000
• D. Rs 18,750

Answer 1

The Correct Option is D

Let the amount at 8\(\%\) rate be Rs.\(x\) then amount at 8.5\(\%\)
rate be (25000−\(x\)) 
According to question
\(\frac{x × 8 × 1}{100}\)\(+\)\(\frac{(25000 - x) × 8.5 ×1}{100}\) = 2031.253
8\(x\)\(+\)212500−8.5\(x\)= 203125
−0.5\(x\) =−9375
\(x\) = Rs.18750
So the correct option is (D).