Question

A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, the money lent at 8% is:

• A. Rs. 650
• B. Rs. 720
• C. Rs. 840
• D. Rs. 900

Answer 1

The correct option is A Rs. 650

Let the money lent at 8% be Rs. x. then,

$\frac{x\times 8\times 1}{100}+\frac{(1500-x)\times 6\times 1}{100}=106$

$or2x+9300=10600orx=650$