wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

20. a sum of rs 2100 is lent out in two parts. if the interest on one part at 9% p.a. for 5 years is equal to the interest on the other part at 25/4% p.a. for 4 years, find the part lend out at 9% p.a.

Open in App
Solution

Dear student
Suppose the sum invested in 1st part be RSxSince the total amount to be invested is Rs2100,so the amount invested in 2nd part is Rs(2100-x)The formula for the interest is Interest=P×R×T100The interest on the first part of amount when it is invested at 9% for 5 years is given byx×9×5100=9x20The interest on the second part of amount when it is invested at 254% for 4 years is given by2100-x×254×4100=2100-x4According to qustion,9x20=2100-x436x=42000-20x56x=42000x=750So, the part lend out at 9% is Rs750
Regards

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Interest
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon