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Question

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=(8000x)×18×1100=2000×x4
Total interest=9x50+2000x4=Rs.15,80x=Rs.60,000
Hence, he borrowed Rs.60,000 from first person and Rs.20,000 from second person.

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