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Kumar borrowed a total amount of Rs. 30000 part of it on S.I. rate of 12 p.c.p.a. and remaining on simple interst of 10 p.c.p.a.. at the end of 2 year he paid in all Rs. 36480 to settle the loan amount. What was the amount borrowed at 12 p.c.p.a?

Kumar borrowed a total amount of Rs. 30000 part of it on S.I. rate of 12 p.c.p.a. and remaining on simple interst of 10 p.c.p.a.. at the end of 2 year he paid in all Rs. 36480 to settle the loan amount. What was the amount borrowed at 12 p.c.p.a?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.1: Functions Given By Formulas
Problem 2TU: What is your monthly payment if you borrow 5000 at a monthly rate of 0.61 and pay it off in 5 years?
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Kumar borrowed a total amount of Rs. 30000 part of it on S.I. rate of 12 p.c.p.a. and remaining on simple interst of 10 p.c.p.a.. at the end of 2 year he paid in all Rs. 36480 to settle the loan amount. What was the amount borrowed at 12 p.c.p.a?
Transcribed Image Text:Kumar borrowed a total amount of Rs. 30000 part of it on S.I. rate of 12 p.c.p.a. and remaining on simple interst of 10 p.c.p.a.. at the end of 2 year he paid in all Rs. 36480 to settle the loan amount. What was the amount borrowed at 12 p.c.p.a?
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