Manish face baccha total of 20000 if principal letter borrowed was 15000 and the time period was five you what was the interest rate
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Step-by-step explanation:
Let the first part lent at 6% be x and second part lent at 8% be (20000 - x)
Average interest received on total sum is 6.4%
Simple interest = (P × R × T)/100 = (20000 × 6.4 × 1)/100 = Rs. 1280
Total interest received = 1280
So, 1280 = (x × 6 × 1)/100 + [(20000 - x) × 8 × 1]/100
⇒ 128000 = 6x - 8x + 160000
First part, x = Rs. 16000
∴ Second part = 20000 - x = Rs. 4000
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Answer:
the answer for given question is 6.6
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