A man had 16000 Rs., part of which he lent at 4% and the rest at 5% per annum simple interest. If the total interest received was 700 Rs. In one year, the money lent at 4% per annum was :
Let the sum lent at 4% = Rs. x
∴ Amount at 5% = 16000 – x
According to the question,
Hence option [C] is correct answer.