A person borrowed totally Rs.80000 from two kmowm people. For one loan, be paid 18 p.a, and for the second loan he paid 25 p.a. After a year, he paid Rs 15,800 as simple interst. How much money di d he borrow at each
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Solution
Let he borrowed Rs.x from first person.
so, interest given to first person=x×18×1100=9x50
Hence, interest given tosecond person=(8000−x)×18×1100=2000×x4
Total interest=9x50+2000−x4=Rs.15,80⟹x=Rs.60,000
Hence, he borrowed Rs.60,000 from first person and Rs.20,000 from second person.