A money lender lent Rs. 1000 at 4% per year and Rs. 1400 at 5% per year.
A money lender lent Rs. 1000 at 4% per year and Rs. 1400 at 5% per year. The amount should be returned to him when the total interest comes to Rs. 350. Find the number of years.
Answer/Solution
3.2
Steps/Work
(1000xtx4/100) + (1400xtx5/100) = 350 → t =3.2 answer A