Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A took two loans altogether of Rs 1500 from bank B & C. B charged 14% simple interest per annum, while C charged 15% simple interest per annum. If the total interest paid by A in one year was Rs 216, then A borrowed from B & C was?

Options:

900 from C and 600 from B

800 from B and 700 from C

700 from B and 800 from C

900 from B and 600 from C

Correct Answer:

900 from B and 600 from C

Explanation:

SI = \(\frac{P × R × T}{100}\)

Let the sum borrowed from B is x, and from C is (1500 - x)

Total SI ⇒  \(\frac{x × 14 × 1}{100}\) + \(\frac{(1500 - x) × 15}{100}\) = 216

14x + 22500 - 15x = 21600

x = 900 (from B)           1500 - 900 = 600 (from C)