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A person lent 5,000 partly at the rate of 4 percent and partly at the rate of 5 percent per annum simple interest. The total interest after 2 years is 440. To find the sum of money lentat each of the above rates, 5,000 is to be divided in the ratio :
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- 4 : 5
- 3 : 2
- 5 : 4
- 2 : 3
- 4 : 5
Correct Option: D
Let the sum of p be lent at the rate of 4% and (5000 – p) at the rate of 5%
we know that ,
SI = | ||
100 |
From question , we have
+ | = 440 | ||
100 | 100 |
⇒ 8p + 50000 – 10p = 44000
⇒ 2p = 50000 – 44000 = 6000
⇒ p = ₹ 3000
∴ (5000 – p) = (5000 – 3000) = 2000
Now, Required ratio = First part : second part = 3000 : 2000 = 3 : 2