Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of ₹950 is lent out in two parts in such a way that the interest on one part at 6% for 5 years and second at 4% for 5 years is equal to ₹200. Find the two sums.

Options:

₹150; ₹950

₹100; ₹850

₹250; ₹650

₹150; ₹850

Correct Answer:

₹100; ₹850

Explanation:

\(\frac{p1 × 6% × 5 }{100}\) + \(\frac{p2 × 4% × 5 }{100}\) = 200

⇒ \(\frac{P₁×3}{10}\) + \(\frac{P₂×2}{10}\) = 200

⇒ \(\frac{P₁×3}{10}\) + \(\frac{(950 - P₁)×2}{10}\) = 200

⇒ P₁  + 1900 = 2000

⇒ P₁ = 100

P₂ = 950 - 100 = 850