3. Sameer lent equal sums of money at 5 ½ per cent and 4 per cent per

1.	3. Sameer lent equal sums of money at 5 ½ per cent and 4 per cent per annum respectively for a period of3 years. If he earned ₹72 more for the money lent out at 5½ %, find the sum of money lent at 4%.
Answer» Answer: 4 % is Rs. 436.36 Step-by-step explanation: it's not matter WHATEVER the amount of money is at 5.5% or 4℅ , Since both the amounts are same Let P be the amount LENT by the man. Since he earns Rs. 72 more by LENDING the amount at 5.5% for 3 yrs Thus, 72= P5.53/100 P = 7200/16.5 = 436. 36 Thus, the amount Lent at 4 % is Rs. 436.36

3. Sameer lent equal sums of money at 5 ½ per cent and 4 per cent per annum respectively for a period of3 years. If he earned ₹72 more for the money lent out at 5½ %, find the sum of money lent at 4%.

Answer»

Answer:

4 % is Rs. 436.36

Step-by-step explanation:

it's not matter WHATEVER the amount of money is at 5.5% or 4℅ ,

Since both the amounts are same

Let P be the amount LENT by the man.

Since he earns Rs. 72 more by LENDING the amount at 5.5% for 3 yrs

Thus, 72= P*5.5*3/100

P = 7200/16.5 = 436. 36

Thus, the amount Lent at 4 % is Rs. 436.36