Kiran lent ₹4,000 to two persons, such that one part of it at the rate of 8% per annum and the remaining part at the rate of 10% per annum. He got an annual simple interest of ₹352. Then the sum lent at 10% is:
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Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹1,600.
8% of 4000 = 320
10% of 4000 = 400
By using the alligation method:
48 : 32 = 3 : 2
The sum lent at 10% = Rs 1600