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Durgesh borrowed an amount of Rs. 15,000...

Durgesh borrowed an amount of Rs. 15,000 at the simple interest rate of 12 p.c.p.a. and another amount at the simple interest rate of 15 p.c. p.a. for a period of two year each. He paid amount of Rs. 9000 as total interest. What is the total amount borrowed?

A

Rs. 18,000

B

Rs. 32000

C

Rs. 35000

D

Rs. 33000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will use the formula for Simple Interest (SI): \[ \text{SI} = \frac{P \times R \times T}{100} \] Where: - \( P \) = Principal amount (the initial amount borrowed) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 1: Calculate the Simple Interest for the first amount Durgesh borrowed Rs. 15,000 at a simple interest rate of 12% per annum for 2 years. Using the formula: \[ \text{SI}_1 = \frac{15000 \times 12 \times 2}{100} \] Calculating: \[ \text{SI}_1 = \frac{15000 \times 12 \times 2}{100} = \frac{360000}{100} = 3600 \] ### Step 2: Let the second amount borrowed be \( x \) The second amount is borrowed at a simple interest rate of 15% per annum for 2 years. Using the formula: \[ \text{SI}_2 = \frac{x \times 15 \times 2}{100} \] Calculating: \[ \text{SI}_2 = \frac{x \times 30}{100} = \frac{3x}{10} \] ### Step 3: Set up the equation for total interest According to the problem, the total interest paid is Rs. 9,000. Therefore, we can write the equation: \[ \text{SI}_1 + \text{SI}_2 = 9000 \] Substituting the values we calculated: \[ 3600 + \frac{3x}{10} = 9000 \] ### Step 4: Solve for \( x \) First, isolate \( \frac{3x}{10} \): \[ \frac{3x}{10} = 9000 - 3600 \] \[ \frac{3x}{10} = 5400 \] Now, multiply both sides by 10 to eliminate the fraction: \[ 3x = 54000 \] Next, divide by 3: \[ x = \frac{54000}{3} = 18000 \] ### Step 5: Calculate the total amount borrowed Now that we have both amounts borrowed, we can find the total amount: \[ \text{Total Amount} = 15000 + x \] \[ \text{Total Amount} = 15000 + 18000 = 33000 \] ### Final Answer The total amount borrowed is Rs. 33,000. ---
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MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
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  6. What will be the compound interest on a sum of Rs. 25,000 after 3 year...

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  10. Find the compound interest on Rs. 15625 for 9 months at 16% per annum ...

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  11. In how many years will a sum of Rs. 800 at 10% per annum compounded se...

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  12. If the compound interest on a sum for 2 years at 12(1)/2% per annum i...

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  13. The compound interest on a certain sum for 2 years at 10% per annum i...

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  14. The simple interest on a certain sum of money for 3 years at 8% per an...

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  15. There is 60% increase in an amount in 6 years at the rate of simple in...

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  16. Sum of money invested at compound interest amounts to Rs. 4624 in 2 ye...

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  17. A sum of money placed at compound interest doubles itself in 5 years. ...

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  18. Durgesh borrowed an amount of Rs. 15,000 at the simple interest rate o...

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  19. 2100 is divided into two parts such that the simple interest on the on...

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  20. The S.I. occured on a sum of money at the rate of interest 5% per annu...

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