Practicing Success
1/2 of a certain sum is lent at 20 percent rate of interest, 2/5 of the remaining sum is lent at 25 percent rate of interest. The remaining sum is lent at 10 percent rate of interest. If the simple interest received on the total sum for 2 years is Rs. 360, then what is the sum ? |
Rs. 1200 Rs. 800 Rs. 1000 Rs. 1400 |
Rs. 1000 |
Simple Interst for 2 years = Rs 360 Simple Interst for 1 years = Rs 180 ATQ Simple Interest = P\(\frac{1}{2}\) × 20% + P\(\frac{1}{2}\)\(\frac{2}{5}\) × 25% + P[\(\frac{1}{2}\)\(\frac{3}{5}\)] × 10% = P{10% + 5% + 3%} = P {18%} Here, 18% P = Rs.180 ∴ Principal = Rs 1000 |