Mathematics · Simple Interest
Naveen took two loans, altogether for Rs. 9,400, from Suman and Arya. Suman charged 12.5% simple interest per annum, while Arya charged 10.5% per annum. If the total interest paid by Naveen in one year was Rs. 1,063, what was the sum borrowed from Arya?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,600
- 2Rs. 5,200
- 3Rs. 5,400✓
- 4Rs. 6,600
Correct answer
Rs. 5,400
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