8th Class Mathematics Related to Competitive Exam Question Bank Arithmetic

  • question_answer
    A merchant borrowed Rs.2500 from two money lenders. For one loan he paid 12% per annum and for the other 14% per annum. The total interest paid for one year was Rs.326. How much did he borrow at each rate?

    A) 1200and 1300   

    B) 1350 and 1150

    C) 1225 and 275       

    D) none of these

    Correct Answer: A

    Solution :

    Suppose he borrowed Rs. x at 12% and Rs. (2500 ? x) 14% per annum. Then, S.I. on Rs. x \[1000\times \frac{(100-30)}{100}\times \frac{(100-40)}{100}\] And S.I. on \[(2500-x)\] \[\because \] \[\frac{25}{100}\times x=20,000\] \[x=80,000\] Therefore, he borrowed 1200 at 12% and 1300 at 14%.              


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