Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A lends ₹7000 to B and at the same time a certain sum to C at the rate of 15% per annum simple interest. If the simple interest is collected ₹2700 after 2 years from B and C then find the sum lent to C?

Options:

2000

1800

2700

2200

Correct Answer:

2000

Explanation:

SI collected from B + C = 2700

C x 15% x 2 + 7000 x 15% x 2 = 2700

C x 30% = 600

C = 2000