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  • Question
  • 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 ?


  • Options
  • A. Rs.16000
  • B. Rs.12000
  • C. Rs.15000
  • D. Rs.13000

  • Correct Answer
  • Rs.15000 

    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.

  • Tags: GRE

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