A man lent 60000 Rs. partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560 Rs. the money lent at 4% was :
A man lent 60000 Rs. partly at 5% and the rest at 4% simple interest. If the total annual interest is 2560 Rs. the money lent at 4% was :
[A]30000
[B]40000
[C]44000
[D]45000
44000
Let the amount lent at 4% be x
∴ Amount lent at 5% = (60000 – x)
According to the question,
Hence option [C] is correct answer.
