Question

Reena is borrowed a sum of Rs. 6000 from Raveena at the rate of 14% for 2 years. She then added some more money to the borrowed sum and lent it to Sameera at the rate of 18% of simple interest for the same time. If Reena gained Rs. 650 in the whole transaction , then what sum did he lend to Sameera?

Answer 1

Let the money lent to sameera = Rs. x

$\therefore x\left(\frac{18}{100}\right)\times 2-6000\times 2=650$

$\frac{36x}{100}=650+120\times 14=2330$

$x=\frac{2330\times 100}{36}=6472.222$