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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
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B
979.44
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C
950.36
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D
926.36
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Solution

## The correct option is B 979.44Let the amount added by Babu be x (950+x)×15100×3−950×12100×=98.7545x+950(45−36)=987545x=9875−−8550x=132545=29.44 Amount lent to Chitra = 29.44+950 = 979.44

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