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IPMAT Indore 2024 - QA (SA) Q13 Explanation
November 22, 2024
Explanation:
(3000) Let the first portion borrowed at 3% p.a. SI be 𝑅𝑠.𝑥 and the other portion borrowed at 4% p.a. be 𝑅𝑠.(4000− 𝑥)
∴ Total interest =SI1+SI2
⇒ 520=x×3×4/100 +(4000−x)×4×4/100
⇒ 13000=3x+16000−4x
⇒ x=3000
∴ Amount borrowed at 3% p.a.SI was Rs.3000. Ans.