Suhit borrowed a sum of Rs. 6300 from Vikas a | vedclass

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Question

(B) Let the sum lent to Mohit be $x$.Simple Interest $(SI)$ paid by Suhit to Vikas $= \frac{P 	imes R 	imes T}{100} = \frac{6300 	imes 14 	imes 3}

Vedclass · Accepted Answer

$6800$

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(B) Let the sum lent to Mohit be $x$.Simple Interest $(SI)$ paid by Suhit to Vikas $= \frac{P 	imes R 	imes T}{100} = \frac{6300 	imes 14 	imes 3}{100} = 63 	imes 42 = Rs. 2646$.Simple Interest $(SI)$ received by Suhit from Mohit $= \frac{x 	imes 16 	imes 3}{100} = \frac{48x}{100} = 0.48x$.Suhit's gain is the difference between the interest received and the interest paid: $0.48x - 2646 = 618$.$0.48x = 618 + 2646$.$0.48x = 3264$.$x = \frac{3264}{0.48} = \frac{326400}{48} = Rs. 6800$.Therefore,the sum lent to Mohit is $Rs. 6800$.

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