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Some amount of money out of 8000 rupees is lent at 8 percent and remaining at 6 percent per annum. If the total interest obtained from both sum in 4 years is 2400, then find the sum lent at 8 percent rate (approx)
  • a)
    6000
  • b)
    3000
  • c)
    5000
  • d)
    4000
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Some amount of money out of 8000 rupees is lent at 8 percent and remai...
Answer – a) 6000 Explanation : 2400 = p*(8/100)*4 + (8000 – p)*4*(6/100) p = 6000
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Most Upvoted Answer
Some amount of money out of 8000 rupees is lent at 8 percent and remai...
To solve this problem, we can use the concept of weighted averages. Let's assume that the amount lent at 8% is x rupees, and the amount lent at 6% is (8000 - x) rupees.

Given that the total interest obtained from both sums in 4 years is 2400 rupees, we can set up the following equation:

(x * 8% * 4) + ((8000 - x) * 6% * 4) = 2400

Simplifying this equation, we get:

0.32x + 0.24(8000 - x) = 2400
0.32x + 1920 - 0.24x = 2400
0.08x = 480
x = 480 / 0.08
x = 6000

Therefore, the sum lent at 8% is 6000 rupees, which corresponds to option A.
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Some amount of money out of 8000 rupees is lent at 8 percent and remaining at 6 percent per annum. If the total interest obtained from both sum in 4 years is 2400, then find the sum lent at 8 percent rate (approx)a)6000b)3000c)5000d)4000e)None of theseCorrect answer is option 'A'. Can you explain this answer?
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