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  • Question
  • Althaf borrows Rs. 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 Rs. 186. How much does he borrow at the rate of 12% ?


  • Options
  • A. Rs. 300
  • B. Rs. 400
  • C. Rs. 1200
  • D. Rs. 1100

  • Correct Answer
  • Rs. 1200 

    Explanation

    Let Althaf lent Rs. A at 14% per year.
    Hence, Money lent at 12% = (1500-A);
    Given, total interest = Rs. 186.
    {(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
    14A/100 + (18000 -12A)/100 = 186;
    14A + 18000 - 12A = 186x100;
    2A = 18600-18000;
    A = 600/2 = Rs. 300.
    Hence, money lent at 12% = 1500-300 = Rs. 1200.

  • Tags: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO

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