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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
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- ₹700
- ₹6500
- ₹4000
- ₹1500
- ₹700
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 = | |
100 |
According to the question,
+ | = 1120 | ||
100 | 100 |
⇒ 2500 × 28 + 28y = 112000
⇒ 2500 + y = 4000
⇒ y = 4000 – 2500 = 1500