Question

Q. Babu borrowed Rs 950 from Raju at 12% pa SI for 3 years. He then added some more money to the borrowed sum and lent it to Chitra for the same period of time at 15% SI pa. If Babu gained a total of RS 98.75 from the transaction, how much money did Babu lent Chitra?

• A. 1005.5
• B. 979.44
• C. 950.36
• D. 926.36

Answer 1

The correct option is B 979.44

Let the amount added by Babu be x
$(950+x)\times \frac{15}{100}\times 3-950\times \frac{12}{100}\times =98.7545x+950(45-36)=987545x=9875--8550x=\frac{1325}{45}=29.44$
Amount lent to Chitra = 29.44+950 = 979.44