Application of Simple Interest in Real Life Situations
Q33 A sum of ...
Question
Q33) A sum of Rs.18,000 was lent under simple interest partly at 15% p.a. and partly at 20% p.a for one of year. If the total interest earned is Rs.3,330, what is the ratio of amounts invested at the two different rates?
A
(a) 4 : 5
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B
(b) 3 : 4
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C
(c) 2 : 5
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D
(d) 3 : 7
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Solution
The correct option is D (d) 3 : 7 Ans:33)(d)Sol: Shortcut 1: Going from the given options, option (d) gives the interest of 3330; Expl:- Let, Sum lent on 15% interest = x; x(15/100) + (18000-x) (20/100) = 3330; x=5400; Ratio = 5400:12600 = 3:7;