Home

Solve any problem
(step by step solutions)
Input table (Matrix, Statistics)
Mode :
SolutionHelp
Solution
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 ?

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` .






Solution provided by AtoZmath.com
Any wrong solution, solution improvement, feedback then Submit Here
Want to know about AtoZmath.com and me
  
 

Share with your friends, if solutions are helpful to you.
 
Copyright © 2018. All rights reserved. Terms, Privacy