Aspire Faculty ID #17276 · Topic: CUET UG 2022 Applied Mathematics · Just now
CUET UG 2022 Applied Mathematics

Sitaram, a money lender lent a part of Rs. $200000$ to Shyam at simple interest $6%$ p.a. and the remaining to Sushil at $10%$ p.a. at simple interest.
Sitaram earned an annual interest income of Rs. $18000$.

What amount of money is lent at $10%$ p.a. simple interest?

Solution

From earlier calculation:

Amount at $6%$ = Rs. $50000$

Total principal = Rs. $200000$

So amount at $10%$

$=200000-50000$

$=150000$

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