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ICSE Class 8 Answered

A lends 2500 to b and a certain sum to c at the same time ar 7% per annum simple interest. if after 4 years , A altogether recieves 1120 as interest from B and C find the sum lent to c 
Asked by banikaurgulati10 | 15 Feb, 2019, 17:59: PM
answered-by-expert Expert Answer
Amount given as loan to A = Rs.2500
 
Simple interest for 4 years at rate of interest 7%  = 2500×4×(7/100) = Rs.700
 
Interest received from B = Rs. (1120 - 700) = Rs.420
 
if Rs. P is the amount given as loan to B,  then P×4×(7/100) = 420   or P = (420×100)/(4×7) = Rs. 1500
 
Hence loan given to B = Rs.1500
Answered by Thiyagarajan K | 16 Feb, 2019, 14:53: PM

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