Question

A merchant has 30,000 rupees to lend on loan. He lent some of his capital to Mohan at an interest rate of $20\%$ per annum and the rest to Suresh who convinced him to lend the money at the interest rate of $12\%$ per annum. After the completion of one year, the merchant got $17\%$ of his capital as interest. How much did he lend to Mohan?

• A. Rs. 17650
• B. Rs. 21850
• C. Rs. 19250
• D. Rs. 16500
• E. Rs. 18750

Answer 1

The correct option is E

Rs. 18750

$\therefore \text{Ratio}=5:3\therefore \text{Amount given to Mohan}=\frac{30000}{8}\times 5=\text{Rs.18750}$​