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Prakash lends a part of Rs 20,000 at 8% ...

Prakash lends a part of Rs 20,000 at 8% simple interste and remaining at `(4)/(3)%` simple interset. His total income after a year was Rs 800. Find the sum lent at 8%.

A

A) Rs 8,000

B

B) Rs 12,000

C

C) Rs 6,000

D

D) Rs 10,000

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The correct Answer is:
To solve the problem step by step, let's define the variables and use the information given in the question. ### Step 1: Define Variables Let: - \( x \) = amount lent at 8% simple interest - \( 20000 - x \) = amount lent at \( \frac{4}{3}\% \) simple interest ### Step 2: Calculate Interest from Each Part The interest earned from the amount lent at 8% for one year is: \[ \text{Interest at 8%} = \frac{x \times 8 \times 1}{100} = \frac{8x}{100} = 0.08x \] The interest earned from the amount lent at \( \frac{4}{3}\% \) for one year is: \[ \text{Interest at } \frac{4}{3}\% = \frac{(20000 - x) \times \frac{4}{3} \times 1}{100} = \frac{(20000 - x) \times 4}{300} = \frac{4(20000 - x)}{300} = \frac{80000 - 4x}{300} \] ### Step 3: Total Interest Earned According to the problem, the total interest earned after one year is Rs 800. Therefore, we can set up the equation: \[ 0.08x + \frac{80000 - 4x}{300} = 800 \] ### Step 4: Clear the Fraction To eliminate the fraction, we can multiply the entire equation by 300: \[ 300 \times 0.08x + 80000 - 4x = 300 \times 800 \] This simplifies to: \[ 24x + 80000 - 4x = 240000 \] ### Step 5: Combine Like Terms Now, combine the terms involving \( x \): \[ 20x + 80000 = 240000 \] ### Step 6: Isolate \( x \) Subtract 80000 from both sides: \[ 20x = 240000 - 80000 \] \[ 20x = 160000 \] ### Step 7: Solve for \( x \) Now, divide both sides by 20: \[ x = \frac{160000}{20} = 8000 \] ### Conclusion The amount lent at 8% simple interest is Rs 8000.
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