SOLUTION: Ajay borrows Rs. 500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14%14\%14% per annum for the other. The total interest he

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Ajay borrows Rs. 500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14%14\%14% per annum for the other. The total interest he       Log On

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Question 1154252: Ajay borrows Rs. 500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14%14\%14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12%?
Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!

Resend the problem . error