Exams › SSC CGL (Prelims) › General
A sum of ₹12000 is divided into two parts and lent at 6% and 11% simple interest respectively. If the total annual interest earned is ₹960, find the amount lent at 11%.
- ₹ 5000
- ₹ 4800
- ₹ 7000
- ₹ 8000
Correct answer: ₹ 4800
Solution
If $x$ is lent at 11%, then $12000-x$ is lent at 6%. The total interest in one year is $0.11x + 0.06(12000-x) = 960$. Solving gives $x=4800$.
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