Home » Aptitude » Simple interest » Question
  1. A lends ₹2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives ₹ 1120 as interest from B and C, the sum lent to C is
    1. ₹700
    2. ₹6500
    3. ₹4000
    4. ₹1500
Correct Option: D

Let the sum lent to C be y .
Here , P1 = ₹ 2500 , P2 = ₹ y , T = 4 years , R = 7% and SI = ₹ 1120

∴ SI =
Principal × Time × Rate
100

According to the question,
2500 × 7 × 4
+
y × 7 × 4
= 1120
100 100

⇒ 2500 × 28 + 28y = 112000
⇒ 2500 + y = 4000
⇒ y = 4000 – 2500 = 1500



Your comments will be displayed only after manual approval.