Quantitative Aptitude Ques 157

Question: A man lent Rs. 60000 partly at 5% and the rest at 4% simple interest. If the total annual interest is Rs. 2560, the money lent at 4% was

Options:

A) Rs. 40000

B) Rs. 44000

C) Rs. 30000

D) Rs. 45000

Show Answer

Answer:

Correct Answer: B

Solution:

  • Let the amount lent at 4% be Rs. x.

$ \therefore $ Amount lent at 5% $ =Rs.(60000-x) $ According to the question, $ \frac{(60000-x)\times 5\times 1}{100}+\frac{x\times 4\times 1}{100}=2560 $

$ \Rightarrow $ $ 300000-5x+4x=256000 $

$ \Rightarrow $ $ x=300000-256000 $

$ \therefore $ $ x=Rs.,44000 $