Question

Ravi look a certain amount from Raju at the rate of 8% per annum at simple interest and lent half of the amount to Ramu at 8% per annum at simple interest and the remaining amount to Raghu at 10% per annum at simple interest. If at the end of 10 years, Ravi under a profit of Rs1250 in the deal, then find the amount that Ravi had taken from Raju.
A. Rs 12,500
B. Rs 13,125
C. Rs 2245.50
D. Data insufficient.

Answer 1

Correct Answer - A
i) Let the money lent to Ramu and Raghu be Rs P/2 each.
ii) `(P xx 10 xx 10)/(2 xx 100)+(P xx 8 xx 10)/( 2xx 100)-(P xx 8 xx 10)/100=1250`.