Rs. 4,000 is lent partly at 5% and the rest at 4% simple interest. After 2 years, total interest is Rs. 360. Find the am...

Type: MCQ • Marks: 1

Rs. 4,000 is lent partly at 5% and the rest at 4% simple interest. After 2 years, total interest is Rs. 360. Find the amount lent at 5%.

A. 2500

B. 2000

C. 1000

D. 1500

Explanation

Let x be at 5%: 0.10x+0.08(4000-x)=360. Hence x=Rs. 2,000.

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UP TGT Mathematics

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