A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?
Q1. A lends Rs. 1500 to B and a certain sum to C at the same time at 8% per annum simple interest. If after 4 years, A altogether receives Rs. 1400 as interest from B and C, then the sum lent to C is________?
Answer: Rs0.29
Explanation: Interest from B = 1500×8%×4 = Rs. 480; interest from C = 1400−480 = 920; principal for C = 920×100/(8×4) = Rs. 2875 ≈ Rs. 2900.