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Mr Dhani Ram lends Rs.1500 to Mr Garib D...

Mr Dhani Ram lends Rs.1500 to Mr Garib Dass and a certain sum to Mr Majhdaar at the same time at `8%` per annum simple interest. If after 4 years, Dhani Ram altogether receives Rs.1400 as interest from Mr Dass and Mr Majhdaar, then the sum lent to Mr Majhdaar is

A

Rs.2875

B

Rs.1885

C

Rs.2245

D

Rs.2615

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for simple interest and set up the equations based on the information given. ### Step-by-Step Solution 1. **Identify the Given Information:** - Amount lent to Mr. Garib Dass = Rs. 1500 - Rate of interest = 8% per annum - Time period = 4 years - Total interest received from both Mr. Garib Dass and Mr. Majhdaar = Rs. 1400 2. **Let the Amount Lent to Mr. Majhdaar be x:** - Therefore, the total principal amount lent = Rs. 1500 + x 3. **Use the Simple Interest Formula:** - The formula for Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] - Where: - \( P \) = Principal amount - \( R \) = Rate of interest - \( T \) = Time in years 4. **Calculate the Interest from Mr. Garib Dass:** - The interest from Mr. Garib Dass after 4 years can be calculated as: \[ SI_{Dass} = \frac{1500 \times 8 \times 4}{100} = \frac{48000}{100} = Rs. 480 \] 5. **Calculate the Interest from Mr. Majhdaar:** - Let the interest from Mr. Majhdaar be \( SI_{Majhdaar} \). - According to the problem, the total interest received is Rs. 1400: \[ SI_{Dass} + SI_{Majhdaar} = 1400 \] - Substituting the value of \( SI_{Dass} \): \[ 480 + SI_{Majhdaar} = 1400 \] - Therefore, \[ SI_{Majhdaar} = 1400 - 480 = Rs. 920 \] 6. **Set Up the Equation for Mr. Majhdaar's Interest:** - Using the simple interest formula for Mr. Majhdaar: \[ SI_{Majhdaar} = \frac{x \times 8 \times 4}{100} \] - Substituting the value of \( SI_{Majhdaar} \): \[ 920 = \frac{x \times 32}{100} \] 7. **Solve for x:** - Rearranging the equation: \[ 920 \times 100 = 32x \] \[ 92000 = 32x \] \[ x = \frac{92000}{32} = 2875 \] 8. **Conclusion:** - The sum lent to Mr. Majhdaar is Rs. 2875. ### Final Answer: The sum lent to Mr. Majhdaar is Rs. 2875.
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