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Discussion :: Simple Interest

  1. A lends Rs. 2500 to B and a certain to C at the same time at 7% p.a. simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is?
    2. A.
    Rs. 700
    B.
    Rs. 1500
    C.
    Rs. 4000
    D.
    Rs. 6500

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    Answer : Option B

    Explanation :

    Let the sum lent to C be Rs. x. Then,

    (2500 * 7 * 4) / 100 + (x * 7 * 4) / 100 = 1120

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