Mathematics · Simple Interest
A man borrowed ₹10,000 from two different moneylenders. One charges 5% simple interest per annum, and the other 7%. After 2 years, the total interest paid was ₹1,120. Find how much he borrowed from each.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹6,000 at 5%, ₹4,000 at 7%
- 2₹7,000 at 5%, ₹3,000 at 7%
- 3₹4,000 at 5%, ₹6,000 at 7%✓
- 4₹5,000 at 5%, ₹5,000 at 7%
Correct answer
₹4,000 at 5%, ₹6,000 at 7%
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