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Study Stuff for MCA Examinations - NIMCET
Study Stuff for MCA Examinations - NIMCET
Previous Year Question (PYQs)
Sitaram, a money lender lent a part of Rs. $200000$ to Shyam at simple interest $6%$ p.a. and the remaining to Sushil at $10%$ p.a. at simple interest.
Sitaram earned an annual interest income of Rs. $18000$.
What amount of money is lent at $10%$ p.a. simple interest?
Solution
From earlier calculation:
Amount at $6%$ = Rs. $50000$
Total principal = Rs. $200000$
So amount at $10%$
$=200000-50000$
$=150000$
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