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Simple Interest Practice Test 3

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Question : 14

Total: 40

Sanjay borrowed a total amount of Rs. 30,000 part of it on simple interest, rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 years he paid in all Rs. 36,480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a.?

Rs. 12000
Rs. 16000
Rs. 17500
Rs. 18000

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