Question

A money lender lent out Rs 25,000 in two parts, one at 8$\%$ and the other at 8.5$\%$. If the total annual income on the amount is Rs 2031.25, the money lent at 8$\%$ is

• A. Rs 12,500
• B. Rs 6,250
• C. Rs 10,000
• D. Rs 18,750

Answer 1

Answer: (D)

Rs 18,750

Answer 2

Let the amount at 8$\%$ rate be Rs.$x$ then amount at 8.5$\%$
rate be (25000−$x$)
According to question
\frac{x × 8 × 1}{100}$$+$$\frac{(25000 - x) × 8.5 ×1}{100} = 2031.253
8x$$+212500−8.5$x$= 203125
−0.5$x$ =−9375
$x$ = Rs.18750
So the correct option is (D).