1.

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. 

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



Discussion

No Comment Found

Related InterviewSolutions