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Home Questions MCBEYQS99U
Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A lends ₹2500 to B and at the same time a certain sum to C at the rate of 7% per annum simple interest. If the simple interest is collected ₹1120 after 4 years from B and C then find the sum lent to C?

Options:

₹1500

₹6500

₹2500

₹1000

Correct Answer:

₹1500

Explanation:

SI collected from B + C = 1120

C x 7% x 4 + 2500 x 7% x 4 = 1120

C x 28% = 420

C = 1500

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