A sum of ₹9,000 is lent partly at 7% and the remaining at 9% per annum. If the yearly interest on the average is 8.5%, then the sum (in ₹) which is lent at 9% is:
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Correct answer: A
Explanation
The correct answer is option 1 i.e. 6,750.
Let ₹x be lent at 9%,
so ₹(9000 − x) at 7%
Total interest = 8.5% of 9000 = ₹765
According to the question,
⇒
⇒ 63000 - 7x + 9x = 76500
⇒ 2x = 13500
⇒ x = 6750