Management Aptitude Test Sep 2020 Paper

Question : 84 of 200

Marks: +1, -0

Ashok borrows ₹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 ₹

186 .

How much does he borrow at the rate of

12 \%

Solution:

Let the loan at the rate of

12 \%

be ₹

x

,
and the loan at the rate of

14 \%

F(1500-x)

.
Interest for

1 {yr}=

₹186
Now, according to the question,

\;{x × 12 × 1}/{100}+\;{(1500-x) × 14 × 1}/{100}=186

⇒ \;\; 12 x+21000-14 x=18600

⇒\;\; 2 x=2400 ⇒ x=\;{2400}/{2}

∴ \;\; x=

₹ 1200
Hence, the loan is ₹ 1200 at the rate of

12 \%

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