8th Class
Mathematics
Sample Paper
Maths Olympiad Model Test Paper-19
question_answer
Prabhav borrowed a sum of Rs. 2500 from Rishabh at the simple rate of 6 p.c.p.a. for 3 years. He then added some more money to the borrowed sum and lent it to Rishabh for the same time at 8 p.c.p.a. at simple interest. If Prabhav gains Rs. 438 by way of interest on the borrowed sum as well as his own amount from the whole transaction, then what is the sum (in Rs.) lent by him to Rishabh?