A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest, but for 5 years. If the final amount in both the cases is same, what is the amount lent out for 5 years? Options: A . &nbspRs 1200 B . &nbspRs1400 C . &nbspRs 1600 D . &nbspRs 1800

A money lender lends out a part of Rs 3364 at 5% compound interest for 3 year

Question

A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest, but for 5 years. If the final amount in both the cases is same, what is the amount lent out for 5 years?

Options:

A . Rs 1200

B . Rs1400

C . Rs 1600

D . Rs 1800

Answer: Option C

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