Arun lends 20,000 to two of his friends. He gives 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is

Arun lends 20,000 to two of his friends. He gives 12,000 to the fi

1.	Arun lends 20,000 to two of his friends. He gives 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is
A.	8%
B.	16%
C.	12%
D.	13%
Answer» E.

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Arun lends 20,000 to two of his friends. He gives 12,000 to the first at 8% p.a. simple interest. Arun wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is

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