a man borrowed rs 24000 from two money ienders for one, Simple Interest, General Mathematics

Question:A man borrowed Rs 24000 from two money Ienders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs. 4050. How much did he borrow at each rate ?

Answer Let the sum at 15% be Rs x and that at 18% be Rs (24000 - x).

`:. (x xx 15 xx 1)/(100) + ((24000 - x) xx 18 xx 1)/(100)`

`= 4050`

`or 15x + 432000 - 18x`

`= 405000 or x = 9000.`

:. Money borrowed at 18% = Rs. 15000.

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A man borrowed Rs 24000 from two money Ienders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs. 4050. How much did he borrow at each rate ?

Question:A man borrowed Rs 24000 from two money Ienders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs. 4050. How much did he borrow at each rate ?

Answer Let the sum at 15% be Rs x and that at 18% be Rs (24000 - x). `:. (x xx 15 xx 1)/(100) + ((24000 - x) xx 18 xx 1)/(100)` `= 4050` `or 15x + 432000 - 18x` `= 405000 or x = 9000.` :. Money borrowed at 18% = Rs. 15000.