Mathematics · Simple Interest
A man borrowed ₹16,000 from two persons. He paid 6% simple interest per annum to one and 10% simple interest per annum to the other. In the first year, he paid a total interest of ₹1,120. How much did he borrow from the first and second person respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹10,000; ₹6,000
- 2₹12,000; ₹4,000✓
- 3₹11,000; ₹5,000
- 4₹12,500; ₹3,500
Correct answer
₹12,000; ₹4,000
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