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Quantitative Aptitude

Simple Interest & Compound Interest

Q. Lakshmi ea...

Question

Q. Lakshmi earned Rs1100 after lending out Rs X at 5% per annum for 2 years and she earned Rs 1800 on lending out y at 10% per annum for 2 years. What is the total amount lent out by her?

A

2000

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B

2500

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C

3000

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D

3500

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Solution

The correct option is B 2500
$1100 - x = x \times \frac{5}{100} \times 2 1.1 x = 1100 x = 1000 1800 - y = y \times \frac{10}{100} \times 2 1.2 y = 1800 y = 1500 x + y = 1000 + 1500 = 2500$

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