2019 · Q20
A lent Rs. 25000 to B and at the same time lent some amount to C at the same 7% simple interest. After 4 years A received Rs. 11200 as interest from B and C. How much did A lend to C?
Elementary MathematicsSimple and Compound Interest
- ARs. 20000
- BRs. 25000
- CRs. 15000
- DRs. 10000
Explanation
Interest from B = 25000 x 7% x 4 = Rs. 7000. Interest from C = 11200-7000 = Rs. 4200 = P x 0.07 x 4 = 0.28P, so P = Rs. 15,000.