Kiran lent Rs 4,000 to two persons such that one part of it at the rate of 8% per annum and the remaining part at the rate of 10% per annum. He got an annual simple interest of Rs 352. Then the sum lent at 10% is:
Options
a) Rs. 1800
b) Rs. 2400
c) Rs. 1600
d) Rs. 2200
Solution
As per question
S.I =
One part (4000-x) rate of Interest 8% per annum
Remaining (x) part rate of Interest 10% per annum
352 =
35200 = 32000 – 8x + 10x
2x = 35200 – 32000
2x = 3200
x = 1600
Ans: c) Rs. 1600