Question

A man had 25000, part of which he lent at 12% per annum & rest at 14% per annum simple interest. If the total annual interest will be rs 3260 the money lent 14% is

Answer 1

Answer:

13000

Step-by-step explanation:

12a+14b=3260x100=326000

so

12a+12b+2b=326000

12(a+b)+2b=326000...(1)

where a and b are the two loans

a+b=25000

and

12(a+b)=12x25000

=300000...(2)

Subtracting (2) from (1)

we get

2b=26000

or

b=13000