Question

Ajay borrows 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and the rate of 14% per annum for the other. The total interest he pays for the entire year is 186. How much does he borrow at the rate of 12%? (a)71200 (c)1400 (b) 1300 (d) 300

Can you answer with an explanation of the calculation part? ​

Answer 1

Answer:

here u go !

Step-by-step explanation:

Let Asif lent Rs. X at 14% per year.

Hence, Money lent at 12% = (1500 - x);

Given, total interest = Rs. 186

(x×14×1)100+(x×14×1)100+

    

[(1500−x)×12×1]100[(1500−x)×12×1]100

      = 186

14x100+18000−12x100=18614x+18000−12x=186×1002x=18600−18000x=6002=Rs. 300

Hence, money lentat 12%=1500−300=Rs.1200