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 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
Updated On: Jan 30, 2025
- Rs 12,500
- Rs 6,250
- Rs 10,000
- Rs 18,750
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The Correct Option is D
Solution and Explanation
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).
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).
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