A sum of Rs. 4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is Rs. 352. The sum lent at 8% is ?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3
Let the amount lent at 8% SI = Rs x
And amount lent at 10% SI = Rs (4000 - x)
Now,
(x ×8 × 1)/100 + [(4000 - x) 10 × 1]/100 = 352
8x + 40000 - 10x = 35200
x = Rs 2400