A and B went to a moneylender to borrow a total of ₹ 60,000. The money lender gave A a loan at 28% p. a. and B a loan at a higher rate of interest. If both A and B had to pay the moneylender ₹ 9,800 as interest after a year, how much money was lent to B and at what rate of simple interest? 

Asked by Cl_narayan | 26th Nov, 2019, 05:10: PM

Expert Answer:

A and B went to a moneylender to borrow a total of ₹ 60,000. The money lender gave A a loan at 28% p. a. and B a loan at a higher rate of interest. If both A and B had to pay the moneylender ₹ 9,800 as interest after a year

Answered by Arun | 27th Nov, 2019, 01:50: PM