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A man lends Rs. 2000 for 3 years. A part he lends on 5% and the rest on 7% and receivesRs.330 as interest. How much money he lent on each case.

A) Rs.500, Rs.1500
B) Rs.400, Rs.1600
C) Rs.700, Rs.1300
D) Rs 600, Rs.1400

Correct Answer:

A) Rs.500, Rs.1500

Description for Correct answer:
Interest on whole money at 5% rate = \( \Large \frac{2000 \times 5 \times 3}{100} = Rs.300 \)

Interest on whole money at 7% rate =\( \Large \frac{2000 \times 7 \times 3 }{100} = 420\)

Actual Interests Rs.330

Ratio: 330-300 : 420-330.

30 : 90

1 : 3

D'ividing Rs.2000 in 1:3 ratio, we get .

Amount lent on 5% = \( \Large 2000 \times \frac{1}{4} \) = Rs.500

Amount lent on 7% = \( \Large 2000 \times \frac{3}{4} \) = Rs.1500

Part of solved Mixture and Allegation questions and answers : >> Aptitude >> Mixture and Allegation

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Similar Questions

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