Question

A sum of Rs. 2500 is lent out in two parts; one at 12% p.a. and another at 12.5% p.a. for one year. If the total annual income is Rs. 306, the money lent at 12% is :

• A. 1000
• B. 1200
• C. 1500
• D. 1300

Answer 1

The correct option is D 1300

Best way is to go through option
So, $1300\times 0.12+1200\times 0.125=306$
Hence, (d) is the correct option

Alternatively: Solve through alligation
Therefore the ratio of first principal to the second principal is 13 : 12