A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18% per annum. At the end of one year, he paid simple interest of 4050. How much did he borrow at each rate?
A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18% per annum. At the end of one year, he paid simple interest of 4050. How much did he borrow at each rate?
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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![4.
A man borrowed 24000 from two money lenders. For
one loan he paid 15% annum and for the other 18% per
annum. At the end of one year, he paid simple interest
of 4050. How much did he borrow at each rate?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fffbe3fb4-140d-4e5d-b651-a804d5f4f347%2F9518b48c-5241-4648-bf13-8635d921d1bb%2Fzt02uub_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4.
A man borrowed 24000 from two money lenders. For
one loan he paid 15% annum and for the other 18% per
annum. At the end of one year, he paid simple interest
of 4050. How much did he borrow at each rate?
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