1.

1). Rs. 26252). Rs. 24503). Rs. 25754). Rs. 2675

Answer»

<P>Let us assume MONEY lent out to the first person be = Rs. X

So money lent out to second person will be = Rs. (5075 – X)

We know the formula for simple Interest,

SI = (P × R × T)/100

Where,

SI = Simple Interest

P = Principle

R = Rate of Interest

t = Time period

∴ Interest paid by first person = (X × 12 × 5)/100

? = 60X/100

And interest paid by second person = [(5075 – X) × 8 × 7]/100

⇒ ? = [5075 × 56]/100 – [X × 56]/100

Given that,

Interest paid by first person = Interest paid by second person

60X/100 = [5075 × 56]/100 – [X × 56]/100

⇒ 60X = 284200 – 56X

⇒ 60X + 56X = 284200

⇒ 116X = 284200

⇒ X = 2450

Hence the sum lent out at 12% is Rs. 2450



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