Question

A sum of money was lent in two parts which were in the ratio of `2:3` for 2 years and 3 years at simple interest 10%, If the difference between the interest earned is Rs 6000, then find the total sum that was lent.
A. Rs 24,000
B. Rs 36,000
C. Rs 60,000
D. Rs 84,000

Answer 1

Correct Answer - C
Let the two parts be 2P and 3P
`((3p) xx 3 xx 10)/100 -((2p) xx 2 xx 10)/100=6000`
`=(90P-40P)/100 = 6000`
`(50P)/(100) = 6000 rArr 5P = Rs 60,000`.