A man lends out an amount of Rs 25000 in two parts. The first part is lent out at 8 percent simple interest and the second part at 8.5 percent simple interest. If the total annual income of the man is Rs 2031.25, then find how much money is lent out at the rate of 8.5 percent.
ARs 9000
BRs 15000
CRs 18750
DRs 6250 ✓ Correct
Correct answer: (D) Rs 6250
Explanation
Rs 6250 is lent at 8.5%.
Let x at 8.5%, (25000 - x) at 8%.
0.085x + 0.08(25000 - x) = 2031.25.
0.005x + 2000 = 2031.25.
0.005x = 31.25, so x = 6250.
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