A sum of ₹5000 is lent out in two parts, one at 6% simple interest and the other at 9% simple interest, if the annual interest is ₹390, the sum lent at 6% is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹2000.
SI = (P × R × T)/100
Let the sum lent at 6% be x and at 9% be (5000 - x)
Simple interest for one year:
⇒ 6x + 9(5000 - x)= 39000
⇒ 6x + 45000 - 9x = 39000
⇒ -3x = -6000
⇒ x = 2000