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 :

[A]6000 Rs.

[B]8000 Rs.

[C]10000 Rs.

[D]12000 Rs.

**10000 Rs.**

Let the sum lent at 4% = Rs. x

∴ Amount at 5% = 16000 – x

According to the question,

Hence option [C] is correct answer.