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A man borrowed Rs 16000 from two persons...

A man borrowed Rs 16000 from two persons. He paid 6 % interest to one and 10 % per annum to the other. In one year he paid total interest Rs 1120. How much did he borrow at each rate ?

A

Rs 10000 , Rs. 6000

B

Rs 120000 , Rs 4000

C

Rs 11000 , Rs 5000

D

Rs 12500 , Rs 3500

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to determine how much the man borrowed at each interest rate. Let's denote the amount borrowed at 6% as \( x \) and the amount borrowed at 10% as \( 16000 - x \). ### Step-by-Step Solution: 1. **Set Up the Variables:** - Let \( x \) be the amount borrowed at 6%. - Therefore, the amount borrowed at 10% is \( 16000 - x \). 2. **Write the Interest Formulas:** - The interest paid on the amount borrowed at 6% for one year is: \[ \text{Interest}_1 = \frac{6}{100} \times x = 0.06x \] - The interest paid on the amount borrowed at 10% for one year is: \[ \text{Interest}_2 = \frac{10}{100} \times (16000 - x) = 0.10(16000 - x) = 1600 - 0.10x \] 3. **Set Up the Total Interest Equation:** - According to the problem, the total interest paid in one year is Rs 1120. Therefore, we can write the equation: \[ 0.06x + (1600 - 0.10x) = 1120 \] 4. **Combine Like Terms:** - Rearranging the equation gives: \[ 0.06x - 0.10x + 1600 = 1120 \] - This simplifies to: \[ -0.04x + 1600 = 1120 \] 5. **Isolate \( x \):** - Subtract 1600 from both sides: \[ -0.04x = 1120 - 1600 \] - This simplifies to: \[ -0.04x = -480 \] - Now, divide both sides by -0.04: \[ x = \frac{-480}{-0.04} = 12000 \] 6. **Calculate the Amount Borrowed at 10%:** - Now, substitute \( x \) back to find the amount borrowed at 10%: \[ 16000 - x = 16000 - 12000 = 4000 \] ### Final Answer: - Amount borrowed at 6%: Rs 12000 - Amount borrowed at 10%: Rs 4000
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