Mathematics for FinanceMTP Jun 23 Series IIQuestion 1382 of 512
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Mrs. Sudha lent 4,000\displaystyle 4,000 in such a way that some amount to Mr. A at 3%\displaystyle 3\% p.a. S.I. and rest amount to B at 5%\displaystyle 5\% p.a. S.I., the annual interest from both is 144\displaystyle 144. Find the amount lent to Mr. A.

Options

A2,800\displaystyle 2,800
B1,200\displaystyle 1,200
C2,500\displaystyle 2,500
DNone of these
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Correct Answer

✅ Option a — 2,800\displaystyle 2,800

All Options:

  • A2,800\displaystyle 2,800
  • B1,200\displaystyle 1,200
  • C2,500\displaystyle 2,500
  • DNone of these

Detailed Solution & Explanation

**Derivation of Amount Lent to Mr. A** Given: - Total sum lent = Rs. 4,000\displaystyle \text{Rs. }4,000 - Rate of simple interest for Mr. A = 3%\displaystyle 3\% p.a. - Rate of simple interest for B = 5%\displaystyle 5\% p.a. - Total annual interest received = Rs. 144\displaystyle \text{Rs. }144 **Step 1: Set up the variables** Let x\displaystyle x be the amount lent to Mr. A. Then, the amount lent to B is (4000−x)\displaystyle (4000 - x). **Step 2: Formulate and solve the annual interest equation** 0.03x+0.05(4000−x)=1440.03 x + 0.05(4000 - x) = 144 0.03x+200−0.05x=1440.03 x + 200 - 0.05 x = 144 −0.02x=144−200-0.02 x = 144 - 200 −0.02x=−56-0.02 x = -56 x=560.02=Rs. 2,800x = \frac{56}{0.02} = \text{Rs. }2,800 Hence, **Option A** is the correct answer.

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