Discussion :: Simple Interest
- Vijay lent out an amount Rs. 10000 into two parts, one at 8% p.a. and the remaining at 10% p.a. both on simple interest. At the end of the year he received Rs. 890 as total interest. What was the amount he lent out at 8% pa.a?
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Answer : Option B
Explanation :
Let the amount lent out at 8% p.a. be Rs. A
=> (A * 8)/100 + [(10000 - A) * 10]/100 = 890
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