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Some part of Rs 9500 was lent at the rate of 15% per annum simple interest and the remaining part at the rate of 20% per annum simple interest. The total interest received after
2
3

years is Rs 2565. What is the ratio of money lent at the rate of 15% and 20%?

  1. A
    11:8
  2. B
    12:7
  3. C
    2:3
  4. D
    5:4

Solution & Step-by-step Explanation

Let the amount lent at 15% be P
1

and the amount lent at 20% be P
2

.
Total principal P=P
1

+P
2

=9500.
Total time T=
2
3

years.
Total Interest = Rs 2565.

First, let's find the overall effective annual interest rate (R):

Total Interest=
100
P×R×T


2565=
100
9500×R×
2
3




2565=95×R×1.5
2565=142.5×R
R=
142.5
2565

=18%
Now, applying the rule of Alligation:

Rate of Part 1 (R
1

) = 15%

Rate of Part 2 (R
2

) = 20%

Mean Rate (R) = 18%

P
2


P
1



=
R−R
1


R
2

−R

=
18−15
20−18

=
3
2


Thus, the ratio of money lent at 15% and 20% is 2:3.

Practice this question

Try it yourself before checking the explanation above.

Some part of Rs 9500 was lent at the rate of 15% per annum simple interest and the remaining part at the rate of 20% per annum simple interest. The total interest received after
2
3

years is Rs 2565. What is the ratio of money lent at the rate of 15% and 20%?
A
11:8
B
12:7
C
2:3
D
5:4

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