Multiple Choice Questions on A merchant borrowed Rs3500 from two money lenders For one loan he paid 14 p a and for other 18 p a t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A merchant borrowed Rs3500 from two money lenders For one loan he paid 14 p a and for other 18 p a t...........

Quantitative Aptitude ( CCS) Mixture and Alligation
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    A merchant borrowed Rs3500 from two money lenders. For one loan he paid 14% p.a and for other 18% p.a. the interest paid for one year was Rs525. How much did he borrow at 18%p.a?

    Rs875

    Correct Answer

    Rs625

    Incorrect Answer

    Rs750

    Incorrect Answer

    Rs1000

    Incorrect Answer
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    Explanation:

    525/3500 * 100 = 15%
    14………….18
    .        15
    3……………..1
    1/4 * 3500 = 875

    Hence, option 1 is the correct answer.

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