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 Problem: A shopkeeper borrowed Rs 20000 from two money lendeRs For one loan he paid 12 % and for the other 14 % per annum. After 1 year, he paid Rs 2560 as interest. How much did he borrow at each rate ? [ Calculator, Method and examples ]Solution:Your problem -> A shopkeeper borrowed Rs 20000 from two money lendeRs For one loan he paid 12 % and for the other 14 % per annum. After 1 year, he paid Rs 2560 as interest. How much did he borrow at each rate ?Let money at 12 % = X and that at 14 % = ( 20000 - X ) After one year total interest = 2560(X * 12 * 1) / 100 + ((20000 - X) * 14 * 1) / 100 = 2560 12 X + 14 * 20000 - 14 X = 2560 * 100 -2 X = -24000 X = 12000 :.Money at 12 % = Rs. 12000 and Money at 14 % = Rs. 8000 .

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