Home
Class 14
MATHS
Puneet lent out Rs 30000 in two parts, o...

Puneet lent out Rs 30000 in two parts, one at 5% and the other at 9% interest. The yearly average interest comes out to be 6%. What are the amounts (in Rs) that are lent at 5% and 9% respectively ?

A

20000, 10000

B

22500, 7500

C

18000, 12000

D

21000, 9000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we can use the concept of allegation to find the amounts lent at different interest rates. Here’s a step-by-step solution: ### Step 1: Define the variables Let: - \( x \) = amount lent at 5% - \( y \) = amount lent at 9% Given that the total amount lent is Rs 30,000, we can write the equation: \[ x + y = 30000 \] ### Step 2: Set up the average interest equation The average interest rate can be calculated using the formula: \[ \text{Average Interest} = \frac{\text{Total Interest}}{\text{Total Principal}} \] The total interest earned from both parts can be expressed as: \[ \text{Interest from } x = \frac{5}{100} \cdot x \] \[ \text{Interest from } y = \frac{9}{100} \cdot y \] Thus, the total interest earned is: \[ \frac{5}{100}x + \frac{9}{100}y \] Given that the average interest rate is 6%, we can set up the equation: \[ \frac{\frac{5}{100}x + \frac{9}{100}y}{30000} = \frac{6}{100} \] ### Step 3: Simplify the average interest equation Multiplying both sides by 30000 gives: \[ \frac{5}{100}x + \frac{9}{100}y = \frac{6}{100} \cdot 30000 \] \[ \frac{5}{100}x + \frac{9}{100}y = 1800 \] ### Step 4: Eliminate the fractions To eliminate the fractions, multiply the entire equation by 100: \[ 5x + 9y = 180000 \] ### Step 5: Solve the system of equations Now, we have a system of two equations: 1. \( x + y = 30000 \) 2. \( 5x + 9y = 180000 \) From the first equation, we can express \( y \) in terms of \( x \): \[ y = 30000 - x \] Substituting \( y \) in the second equation: \[ 5x + 9(30000 - x) = 180000 \] \[ 5x + 270000 - 9x = 180000 \] \[ -4x + 270000 = 180000 \] \[ -4x = 180000 - 270000 \] \[ -4x = -90000 \] \[ x = \frac{90000}{4} = 22500 \] ### Step 6: Find \( y \) Now substituting \( x \) back into the equation for \( y \): \[ y = 30000 - 22500 = 7500 \] ### Final amounts Thus, the amounts lent at 5% and 9% are: - Amount lent at 5%: Rs 22500 - Amount lent at 9%: Rs 7500 ### Summary of the solution: - Amount lent at 5% = Rs 22500 - Amount lent at 9% = Rs 7500
Promotional Banner

Similar Questions

Explore conceptually related problems

Rs. 1000 is lent out in two parts, one at 6% simple interest and the other at 8% simple interest. The yearly income is Rs. 75. The sum lent at 8% is:

A man lent Rs. 60,000, partly at 5% and the rest at 4% simple interest. If the total annual interest is Rs. 2560, the money lent at 4% was

a sum of Rs. 5000 was lent partly at 6% and partly at 9% simple interest. If the total interest received after 1 year was Rs. 390, what was the ratio which the money was lent at 6% and 9% ?

A sum of ₹6900 was lent partly at 5% and the rest at 8% simple interest. Total interest received after 3 years from both was ₹1359. What was the ratio of money lent at 5% and 8%?

A sum of Rs. 10000 is lent partly at 8% per annum and rest at 10% per annum. If the yearly interest on the average is 9.2% , what are the two parts ?