Question

A milkman borrowed ₹ 2500 from two money lenders. For one loan, he paid 5% pa. and tor the other, he paid 7% p.a. The total interest paid after two years was 275. Calculate the money he borrowed at 7% interest. ​

Answer 1

Answer:

A milkman borrowed ₹ 2500 from two money lenders. For one loan, he paid 5% pa. and tor the other, he paid 7% p.a. The total interest paid after two years was 275. Calculate the money he borrowed at 7% interest.

Answer 2

Answer:

Total SI = Rs. 275

Let x be the sum borrowed at 7% rate.

so

$\frac{(250 - x) \times 5 \times 2}{100} + \frac{x \times 7 \times 2}{100} = 275 \\ </p><p>x = 625$