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A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate. |
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Answer» Let the sum lent at 8% be Rs. x and that at 6% be Rs. (1550 - x). ((x*8*1)/100) + ((1550-x)*6*1)/100=106 8x + 9300 –6x=10600 2x = 1300 x = 650. Money lent at 8% = Rs. 650. Money lent at 6% = Rs. (1550 - 650) = Rs. 900 |
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