Question

A person borrowed 20,000 from a bank, part of it was borrowed at
8% p.a. and part of it was borrowed at 12% p.a. simple interest. At the end of 2.5 years he paid an interest of Rs. 4240 on the whole sum.
Find the sum borrowed at 12%.
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Answer 1

Answer:-

The sum borrowed at 12% is Rs. 2400.