A man lends out an amount of Rs. 25,000 into two parts. The first part of the money is lent out at 8% simple interest and the second part of the money is lent out at 8.5% simple interest. If total annual income of the man is Rs. 2031.25, then find how much money is lent out at the rate of 8.5%?

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Question

This question was previously asked in

UGC NET Official Paper-I (Held On: 24 Feb, 2023 Shift 1)

Answer 1

Calculation:

Total principal = 25000 and total interest receive = 2031.25

So, all-over interest rate = 2031.25/25000 × 100 = 8.125%

F1 Other Arbaz 12-07-2023 Pankaj D2

So, the 1st part and 2nd part of the principal were lent out in the ratio 3 : 1

Now, the 2nd part of the money is = 25000 × \(\frac{1}{4}\) = Rs. 6250

∴ The correct answer is Rs. 6,250

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