A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate. Choose the correct answer:	A) 700	B) 500	C) 300	D) 900	E) None of them
Let the sum lent at 8% be Rs. x and that at 6% be Rs. (1550 - x).   =((x*8*1)/100) + ((1550-x)*6*1)/100=106   = 8x + 9300 –6x=10600  2x = 1300  x = 650.   Therefore, Money lent at 8% = Rs. 650. Money lent at 6% = Rs. (1550 - 650) = Rs. 900.   Answer is 900.
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A sum of Rs. 1550 is lent out into two parts, one at 8% and another one at 6%. If the total annual income is Rs. 106, find the money lent at each rate.