Mathematics for FinanceMTP Apr 21Question 1321 of 422
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Two equal sums were lent out at $7\%$ and $5\%$ simple interest respectively. The interest earned on the two loans adds up to $960$ for four years. Find the total sum lent out.

Options

A$4000$
B$3000$
C$5000$
D$6000$
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Correct Answer

Option a$4000$

All Options:

  • A$4000$
  • B$3000$
  • C$5000$
  • D$6000$

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