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A sum of Rs 1500 is lent out in two part...

A sum of Rs 1500 is lent out in two parts in such a way that the simple interset on one part at 10 % per annum for 5 years is equal to that on another part at 12.5% per annum for 4 years. The sum left lent out at 12.5% is :

A

Rs 500

B

Rs 1000

C

Rs 750

D

Rs 1250

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find out how much of the total sum of Rs 1500 is lent out at 12.5% per annum. We know that the simple interest earned on both parts is equal. Let's denote: - Part lent at 10% for 5 years as \( A \) - Part lent at 12.5% for 4 years as \( B \) ### Step 1: Set up the equations for simple interest The formula for simple interest is given by: \[ \text{Simple Interest} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years For part \( A \) (at 10% for 5 years): \[ SI_A = \frac{A \times 10 \times 5}{100} = \frac{50A}{100} = 0.5A \] For part \( B \) (at 12.5% for 4 years): \[ SI_B = \frac{B \times 12.5 \times 4}{100} = \frac{50B}{100} = 0.5B \] ### Step 2: Set the simple interests equal Since the simple interests are equal: \[ 0.5A = 0.5B \] This simplifies to: \[ A = B \] ### Step 3: Use the total amount We know that the total amount lent out is Rs 1500: \[ A + B = 1500 \] Since \( A = B \), we can substitute \( B \) with \( A \): \[ A + A = 1500 \] \[ 2A = 1500 \] ### Step 4: Solve for \( A \) Dividing both sides by 2: \[ A = \frac{1500}{2} = 750 \] ### Step 5: Find \( B \) Since \( A = B \): \[ B = 750 \] ### Conclusion The sum lent out at 12.5% is: \[ \text{Sum lent out at 12.5%} = B = 750 \] ### Final Answer The sum left lent out at 12.5% is Rs 750. ---
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