Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

Sitaram, a money lender lent apart of Rs 200000 to Shyam at simple interest 6% p.a. and the remaining to Sushil at 10% p.a. at simple interest. Sitaram earned an annual interest income of Rs. 18000. Based on the given information answer the following questions :

What amount of money is lent at 10% p.a. simple interest ?

Options:

Rs. 20,000

Rs. 50,000

Rs. 75,000

Rs. 1,50,000

Correct Answer:

Rs. 20,000