A bank lent out ₹ 25,000 in two parts, one at 7% per annum and other at 11% per annum interest. The yearly average comes out to be 9.4%. The amount lent in two parts will be
A bank lent out ₹ 25,000 in two parts, one at 7% per annum and other at 11% per annum interest. The yearly average comes out to be 9.4%. The amount lent in two parts will be
Solution
✅ Correct Option: 4
By alligation, the ratio of the parts is .
So the amount at 7% is Rs. 10,000 and the amount at 11% is Rs. 15,000.
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