A lends Rs. 2500 to B and a certain sum to C at the same time at 7% per annum s

Question

A lends Rs. 2500 to B and a certain sum to C at the same time at 7% per annum simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, then the sum lent to C is:

Answer: Option B
-

Let the sum lent to C be Rs. X, Then,

2500 x 7 x 4

X x 7 x 4

= 1120

100

X = (1120 - 700)

420 x 25

= 1500.

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