Question

A sum of Rs. 15500 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 1060, the money lent at 8% is

• A. Rs. 6500
• B. Rs. 7200
• C. Rs. 8400
• D. Rs. 9000

Answer 1

The correct option is A Rs. 6500

Let the money lent at 8% be Rs. $x$. Then,
$\frac{x\times 8\times 1}{100}+\frac{(15500-x)\times 6\times 1}{100}=1060$
$\Rightarrow 2x+93000=106000$
$\Rightarrow x=6500$