4.A man borrowed 24000 from two money lenders. Forone loan he paid 15% annum and for the other 18% perannum. At the end of one year, he paid simple interestof 4050. How much did he borrow at each rate?

Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Answered: A man borrowed 24000 from two money…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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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?