Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?
Solution
Correct Answer: Option A
Let the lent at 5% be 'A'
(A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85
5A/100 + 90 – 6A/100 = 85
A/100 = 5
=> A = 500
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