₹12,000 is lent in two parts, one at 8% and the other at 10% simple interest per annum. The total interest for one year is ₹1,080. How much was lent at 8%?
A. ₹5000
B. ₹4000
C. ₹7000
D. ₹6000
A. ₹5000
B. ₹4000
C. ₹7000
D. ₹6000
Best answer
Answer: D. ₹6000
Answer: (D) ₹6000
Shortcut (alligation): average rate = 1080 ÷ 12,000 = 9%. Parts at 8% and 10% are in the ratio (10 − 9) : (9 − 8) = 1 : 1.
So ₹6000 was lent at 8%.
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