Bholu and Shyam borrowed a total of ₹ 60,000 at compound interest from a moneylender. The moneylender gave Bholu the loan at 28% p.a. and Shyam at a higher rate of interest. At the end of a year, Bholu returned the loan amount of ₹ 44,800 and Shyam paid an interest of ₹ 9,800. How much money was lent to Shyam and at what rate of interest?
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Answer:
P of Bholu = Rs.35000 and R of Shyam = 39.2%
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