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Q.
A man borrowed Rs 24000 from two money lenders. For one loan, he paid 15% per annum and for the other 18% per annum. At the end of one year, he paid Rs 4050. How much did he borrow at each rate ?
A.
Rs.16000
B.
Rs.12000
C.
Rs.15000
D.
Rs.13000
View Answer
Correct choice: C
Explanation:
Let the sum at 15% be Rs x and that at 18% be Rs (24000 - x). {(x * 15 * 1)/100 } + { [(24000 – x) * 18 * 1]/100 } = 4050 or 15 x + 432000 - 18x = 405000 or x = 9000. Money borrowed at 15% = Rs 9000 . Money borrowed at 18% = Rs 15000.
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