Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?
A) Rs. 300
B) Rs. 400
C) Rs. 1200
D) Rs. 1100
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Answered by
4
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} + {[(1500-x)*12*1/100]} = 186;
14x/100 + (18000 -12x)/100 = 186;
14x+18000-12x = 186*100;
2x = 18600-18000;
X = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.
Hence, Money lent at 12% = (1500-x);
Given, total interest = Rs. 186.
{(X*14*1)/100} + {[(1500-x)*12*1/100]} = 186;
14x/100 + (18000 -12x)/100 = 186;
14x+18000-12x = 186*100;
2x = 18600-18000;
X = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.
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Heya mate
The answer of ur question is in pic
Option - ( C )
hope it helps
The answer of ur question is in pic
Option - ( C )
hope it helps
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