A lends Rs. 2500 to B and certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, the sum lent to C is :
A lends Rs. 2500 to B and certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogether receives Rs. 1120 as interest from B and C, the sum lent to C is :
[A]6500
[B]1500
[C]4000
[D]700
1500
Let the sum lent to C be x
According to the question,
$latex => \frac{2500\times 7\times 4}{100}+\frac{x\times 7\times 4}{100}=1120&s=1$
$latex =>2500\times 28 + 28x = 112000$
$latex => 2500 + x = 4000$
$latex => x = 4000-2500 = 1500$
Hence option [B] is the right answer.