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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 ?

Rs.16000

Rs.12000

Rs.15000

Rs.13000

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.

By: MIRZA SADDAM HUSSAIN

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