Q142
Vishwas borrowed a total amount of Rs. 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 year she paid in all Rs. 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a ?
A.
Rs. 12000
AnswerB.
Rs. 16000
C.
Rs. 17500
D.
Rs. 18000
Answer: Option A
Solution
Answer: Option A
Solution:
Let the sum borrowed at 12% p.a. be Rs. xand that borrowed at 10% p.a. be Rs. (30000 - x)
S.I. at the end of 2 years
= Rs. (36480 - 30000)
= Rs. 6480