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Q.
Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?
A.
500
B.
600
C.
450
D.
550
View Answer
Correct choice: A
Explanation:
Let the lent at 5% be 'A' (A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85 5A/100 + 90 – 6A/100 = 85 A/100 = 5 => A = 500
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