Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A lends ₹3500 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 ₹1540 after 4 years from B and C then find the sum lent to C?

Options:

1000

900

2000

1500

Correct Answer:

2000

Explanation:

SI collected from B + C = 1540

C x 7% x 4 + 3500 x 7% x 4 = 1540

C x 28% = 560

C = 2000