Simple Interest Practice Test 2

Question : 24 of 40

Marks: +1, -0

Girish lent some money to Rajesh at 5% p.a. simple interest. Rajesh lent the entire amount to Omdutt on the same day at 8½% per annum. In this transaction after a year Rajesh earned a profit of Rs. 350. Find the sum of money lent by Girish to Rajesh.

Rs. 10,000
Rs. 8000
Rs. 9500
Rs. 10500

Validate

Solution:

{P×17×1}/{100×2}-{P×5×1}/100=350

⇒{7P}/200=350

∴P={200×350}/7=10000

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