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