A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. T

Question

A sum of Rs. 1550 was lent partly at 5% and partly at 8% p.a. simple interest. The total interest received after 3 years was Rs. 300. The ratio of the money lent at 5% to that lent at 8% is:

Options:

A . 5 : 8

B . 8 : 5

C . 16 : 15

D . 31 : 6

Answer: Option C

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