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A lends Rs 2500 to B and a certain sum t...

A lends Rs 2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives Rs 1120 as interest from B and C, then sum lent to C is

A

Rs 700

B

Rs 6500

C

Rs 4000

D

Rs 1500

Text Solution

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The correct Answer is:
To solve the problem step by step, we need to calculate the interest A receives from B and C, and then determine how much A lent to C. ### Step 1: Calculate the interest received from B A lends Rs 2500 to B at a rate of 7% per annum for 4 years. The formula for calculating simple interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] Where: - \(P\) = Principal amount (the sum lent) - \(R\) = Rate of interest per annum - \(T\) = Time in years Substituting the values for B: - \(P = 2500\) - \(R = 7\) - \(T = 4\) Calculating the interest: \[ SI_B = \frac{2500 \times 7 \times 4}{100} = \frac{2500 \times 28}{100} = 700 \] ### Step 2: Calculate the total interest received from B and C According to the problem, the total interest received from both B and C after 4 years is Rs 1120. Let the interest received from C be \(SI_C\). Therefore, we have: \[ SI_B + SI_C = 1120 \] Substituting the value of \(SI_B\): \[ 700 + SI_C = 1120 \] ### Step 3: Solve for the interest from C Now, we can find \(SI_C\): \[ SI_C = 1120 - 700 = 420 \] ### Step 4: Calculate the principal amount lent to C Now we need to find out how much A lent to C. Let the principal amount lent to C be \(P_C\). Using the simple interest formula again for C: \[ SI_C = \frac{P_C \times R \times T}{100} \] Substituting the known values: \[ 420 = \frac{P_C \times 7 \times 4}{100} \] \[ 420 = \frac{P_C \times 28}{100} \] ### Step 5: Rearranging to find \(P_C\) Now, rearranging the equation to solve for \(P_C\): \[ P_C = \frac{420 \times 100}{28} \] Calculating \(P_C\): \[ P_C = \frac{42000}{28} = 1500 \] ### Conclusion Thus, the sum lent to C is Rs 1500.
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