Practicing Success
A borrow a sum of Rs.7800 from B at the rate of 16% p.a. for 4 years. He added some more money in it and lent it to C at 19% p.a. for 4 years. In this process he earns a total profit of Rs.1600. Find how much amount does he added? |
840 1125 874 855 |
874 |
Let the amount lent by A to C = X Now ATQ, (X × 19% × 4 ) - ( 7800 × 16% × 4) = 1600 76%X - 4992 = 1600 X = \(\frac{6592 × 100}{76}\) = 8674 Amount added = 8674-7800 = Rs.874 |