Two equal sums were lent out at 7% and 5% S.I. respectively.

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Two equal sums were lent out at 7% and 5% S.I. respectively. The interest earned on the two loans add up to 960 for 4 years. The total sum lent out in

If each amount lent be p, then
According to question , we have

p × 7 × 4	+	p × 5 × 4	= 960
100		100

⇒	48p	= 960
	100

⇒ p =	960 × 100	= ₹ 2000
	48