Mathematics · Simple Interest
A lends Rs. 4000 to B and a certain sum to C at the same time at a simple interest rate of 7% per annum. If after 5 years, A receives a total interest of Rs. 3500 from both B and C, what is the difference between the sums lent to B and C?
- 1Rs. 1850
- 2Rs. 2000✓
- 3Rs. 1750
- 4Rs. 1900
Correct answer
Rs. 2000
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