Correct option is B
Given:
- Total sum lent = ₹2600
- One part is lent at 18% per annum
- Another part is lent at 25% per annum
- Total interest for 1 year = ₹520
- We need to find the amount lent at 25% rate
Formula Used:
Simple Interest (SI) = (Principal × Rate × Time) / 100
In this case, Time = 1 year, so:
Solution:
Let the amount lent at 25% rate be x,
Then the remaining amount at 18% rate = 2600 - x
Interest from amount at 25% = (x × 25) / 100 = 0.25x
Interest from amount at 18% =
Total interest = ₹520
So:
0.25x + 0.18(2600 - x) = 520
=> 0.25x + 468 - 0.18x = 520
=> (0.25x - 0.18x) = 520 - 468
=> 0.07x = 52
=> x = 52 / 0.07 = ₹742.85
Final Answer: (B) ₹742.85