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Simple Interest Practice Test 3
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© examsnet.com
Question : 10
Total: 40
A lends Rs. 2500 to B and certain sum to C at the same time at 7% p.a. simple interest. If after four years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is:
Rs. 6500
Rs. 4000
Rs. 1500
Rs. 700
Validate
Solution:
Let A lends to C Rs. x; then
2500
×
7
×
4
100
+
x
×
7
×
4
100
=
1120
⇒
7
x
25
=
1120
−
700
⇒
x
=
1500
© examsnet.com
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