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Rahul borrowed a sum of Rs 1150 from ...

Rahul borrowed a sum of Rs 1150 from Amit at the simple interest rate of p.c.p.a. for 3 years. He then added some more money to the borrowed sum and lent it to Sachin for the same time at 9 p.c.p.a. simple interest. If Rahul gains Rs 274.95 by way of interest on borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sachin? (a) Rs 1200      (b) Rs 1285     (c) Rs 1690     (d) Rs 1785

Answer

Step by step text solution for Rahul borrowed a sum of Rs 1150 from Amit at the simple interest rate of p.c.p.a. for 3 years. He then added some more money to the borrowed sum and lent it to Sachin for the same time at 9 p.c.p.a. simple interest. If Rahul gains Rs 274.95 by way of interest on borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sachin? (a) Rs 1200      (b) Rs 1285     (c) Rs 1690     (d) Rs 1785 by MATHS experts to help you in doubts & scoring excellent marks in Class 14 exams.

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Knowledge Check

  • Manish borrowed a sum of 1150 from Anil at the simple rate of 6% per annum for 3 years. He then added some more money to the borrowed sum of lent it to Sunil for the same time at 9% per annum at simple interest. If Manish gains 274.95 by way of interest on the borrowed sum as well as his own amount from the whole transaction, then what is the sum lent by him to Sunil?

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