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Data Ram lends equal sum of money at the...

Data Ram lends equal sum of money at the same rate of interest to, A and B. The money lends to A becomes twice of the original amount .in just four years at simple interest. While Data Ram lends to B for the first two years at compound interest and for the rest two years at simple interest. If the difference between the amount of A and B after 4 years is ₹ 2750. What is the amount of money that Data Ram lends to each one?

A

₹ 40000

B

₹ 6000

C

₹ 8000

D

₹ 80000

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The correct Answer is:
To solve the problem step by step, we will break down the information given and calculate the amounts lent to A and B. ### Step 1: Determine the amount lent to A Data Ram lends money to A, which doubles in 4 years at simple interest. Let the principal amount lent to A be \( P \). According to the simple interest formula: \[ \text{Amount} = P + \text{SI} \] Where SI (Simple Interest) is given by: \[ \text{SI} = \frac{P \times R \times T}{100} \] Here, \( R \) is the rate of interest and \( T \) is the time in years. Since the amount becomes twice the principal in 4 years: \[ 2P = P + \text{SI} \] This simplifies to: \[ P = \text{SI} \] Substituting for SI: \[ P = \frac{P \times R \times 4}{100} \] This implies: \[ 100 = R \times 4 \implies R = 25\% \]
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