A milkman borrowed Rs. 2500 from two money lenders. For one loan, he paid 5% p.a. and for the other, he paid 7% p.a. The total interest paid after two years was Rs. 275. Calculate the money he borrowed at 7% interest ?

Rs. 1875

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Rs. 1000

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Rs.625

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Rs. 1200

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Solution

The correct option is C Rs.625
Total SI = Rs. 275
Let x be the sum borrowed at 7% rate.
So $\frac{(2500 - x) \times 5 \times 2}{100} + \frac{x \times 7 \times 2}{100} = 275$
$x = 625$

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A milkman borrowed Rs. 2500 from two money lenders. For one loan, he paid 5% p.a. and for the other, he paid 7% p.a. The total interest paid after two years was Rs. 275. Calculate the money he borrowed at 7% interest ?

The correct option is C Rs.625Total SI = Rs. 275Let x be the sum borrowed at 7% rate.So (2500−x)×5×2100+x×7×2100=275x=625

The correct option is C Rs.625
Total SI = Rs. 275
Let x be the sum borrowed at 7% rate.
So $\frac{(2500 - x) \times 5 \times 2}{100} + \frac{x \times 7 \times 2}{100} = 275$
$x = 625$