Question

Vijay took part of rs 10000 loan at 4% and the rest at 6% if he pays a total interest of rs 900 in two years,find the amount taken on loan at 4% the interest rate charged by the bank is simple interest​

Answer 1

Answer:

Step-by-step explanation:

Suppose x and (10000-x) be the two values being interested 4% and 6% annually for 2 years,like 8% and 12% respt.

X*8/100+(10000-x) *12/100=900

8x/100+1200-12x/100=900

1200-4x/100=900

4x/100=300

X=300*100/4

X=7500

Which is required ans