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Rs. 80,000 is lent in 2 parts, 1 part at 8% per annum and 2nd part at 12% per annum. At the end of a year Rs 8800 is received as simple interest. Find the part lent at 8% p.a.?
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Rs. 80,000 is lent in 2 parts, 1 part at 8% per annum and 2nd part at ...
Solution:

Let the part lent at 8% be x and the part lent at 12% be (80000 - x).

Given, simple interest received at the end of a year = Rs. 8800

Total Simple Interest = Simple Interest on 1st part + Simple Interest on 2nd part

SI = (x × 8 × 1)/100 + [(80000 - x) × 12 × 1]/100 = 8800

8x + 960000 - 12x = 880000

-4x = -80000

x = 20000

Therefore, the part lent at 8% per annum is Rs. 20000 and the part lent at 12% per annum is Rs. 60000.

Answer: Rs. 20000 is lent at 8% per annum.
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Rs. 80,000 is lent in 2 parts, 1 part at 8% per annum and 2nd part at 12% per annum. At the end of a year Rs 8800 is received as simple interest. Find the part lent at 8% p.a.?
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