Question

durgesh borrowed an amount of rs 15000 simple interest rate at 12 p.c.p.a and another amount at the simple imtetest rate of 14 p.c.p.a for a period of 2 years. He paid amont of rs 8800 as total interest. what is the total amount borrowed?

Answer 1

use prt/100 equation for both cases   and find out the amount borrowed