Question

Milustration 2
A businessman borrowed from two money-lenders a sum of 2,000.
Jaterest was 8% per annum and that for the other was 6% per annum. He paid a total interest of
ane year. Find the sum borrowed on each rate of interest by him.​

Answer 1

Answer:

800,1200 at 8%,6% interest respectively.

Step-by-step explanation

Let's assume that x was borrowed from a guy where interest is 8% per annum

and assume 2000-x was borrowed from a guy where interest is 6% per annum.

so total interest=x*(8/100)  + (2000-x)*(6/100) = 136

==> 8x + 6*(2000-x) = 13600

===> 2x +12000 =13600

===> 2x = 1600

===> x = 800

so amount taken at 8% is 800

    amount taken at  6% is 2000-800=1200