hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    A sum of Rs.1550 is lent out into two parts, one at 8% and the other at 6%. If the total annual income is Rs.106. then find the money lent out at each
    Question



    A sum of Rs.1550 is lent out into two parts, one at 8% and the other at 6%. If the total annual income is Rs.106. then find the money lent out at each rate i.e.. 8% and 6%, respectively.

    A.

    Rs. 650, Rs. 900

    B.

    Rs. 700, Rs. 850

    C.

    Rs. 900. Rs. 650

    D.

    Rs. 800. Rs. 750

    Correct option is A


    S.I. = Rs. 106 Suppose that the sum lent at 6% interest rate is Rs. x.
    Now, according to question,
    (x×6×1)/100 +(1550−x×8×1)/100=106

    6x+1550×8−8x=10500
    2x=12400−10600
    2x=1800
    x= Rs.900
    Money in 8% scheme : 1550-x=Rs 650
    The sum lent out at 8% is Rs650 and at 6% is Rs900

    Free Tests

    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    UGC NET Paper 1 Mock Test 1

    languageIcon English
    • pdpQsnIcon50 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘UGC NET December’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    354k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow