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Question

A sum of money lent out at 10 percent for 4 years produces twice as much as interest as ₹ 6000 in 312 at 5 percent . Find the sum


A

1 hour ago

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B

2 hours ago

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C

3 hours ago

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D

5 hours ago

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Solution

The correct option is B

2 hours ago


Let the required sum be P

In the first case r = 10 % and T = 4 years

In the second case r = 5 % and T = 312 = 72 P = ₹ 6000

We have ₹ P×10×4100 = 2 ×6000×7×52×100

40P100 = ₹ 60 × 35

P = ₹ 2100×10040

= ₹ 5250


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