Q15
Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%
A.
Rs. 1200
AnswerB.
Rs.1300
C.
Rs. 1400
D.
Rs. 300
E.
None of these
Answer: Option A
Solution
Answer: Option A
Solution:
Let Asif lent Rs. X at 14% per year.Hence, Money lent at 12% = (1500 - x);
Given, total interest = Rs. 186
= 186