Question

5) Arun borrowed 74000 on 12 June at the interest rate of 5% per annum. He then borrowed again
5000 on 24 August at the same rate of interest. He returned the entire loan on 5 November.
How much was the total amount returned?​

Answer 1

Step-by-step explanation:

Let the money borrowed by Arun be Rs. x

Then according to the question, we have

⇒

100

x×8×4

+

100

x×10×6

+

100

x×12×5

=12160

⇒

100

32x

+

100

60x

+

100

60x

=12160

⇒152x=1216000

⇒x= Rs. 8000