Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

Asif borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 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%

Correct Answer: Rs. 1200
Let Asif lent Rs. X at 14% per year.
Hence, Money lent at 12% = (1500 - x);
Given, total interest = Rs. 186
$$ {\frac{{\left( {x \times 14 \times 1} \right)}}{{100}}} \, + $$    $$ {\frac{{\left}}{{100}}} $$      = 186
$$\eqalign{ & \frac{{14x}}{{100}} + \frac{{ {18000 - 12x} }}{{100}} = 186 \cr & 14x + 18000 - 12x = 186 \times 100 \cr & 2x = 18600 - 18000 \cr & x = \frac{{600}}{2} = {\text{Rs}}{\text{. }}300 \cr & {\text{Hence, money lent}}{\kern 1pt} {\text{at }}12\% \cr & = 1500 - 300 \cr & = {\text{Rs}}{\text{.}}\,1200 \cr} $$

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 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% ?

A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs. 104.50, a year. The amount of money be borrows, is ?

A borrower pays 18% interest per year on the first Tk. 600 he borrows and 17% per year on the part of the loan in excess of Tk. 6000. How much interests will the borrower pay on a loan of Tk. 6000 for one year?

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow?

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

X' and 'Y' jointly take a loan, from 'Z' with promise to repay the loan amount with interest within two years. Soon after taking the loan 'X' is declared as an insolvent and remains insolvent till the date of repayment of loan. 'Y' also fails to repay the loan. 'X' on account of his status as insolvent enjoys immunity from legal proceedings. In these circumstances:

A and B start a business, with A investing the total capital of Rs.50000, on the condition that B pays A interest @ 10% per annum on his half of the capital. A is a working partner and receives Rs.1500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?

Arafat and Asif were each paid X taka in advance to do a certain job together. Arafat worked on he job for 10 hours and Asif worked 2 hours less than Arafat. If Asif gave Arafat Y taka of his payment so that they would have received the same hourly wage, what was the amount in taka, in terms of Y, that Arafat was paid in advance?

Kalam has invested a part of 10,000 Taka in an account that pays 6% simple interest rate each year and rest of the money in another account that pays 8% simple interest per year. If he has invested the money for 18 months and he has invested the money for 18 months and he earns a total of 1,020 Taka as interest, what is the difference in the amount of the interest earned on both the accounts?

An equal sum is invested in two different schemes. One scheme gives simple interest and the other gives compound interest (annual compounding). The total interest obtained after 2 years from both the schemes together is Rs 2090. If both the schemes have 18% per annum interest rate, then what is the first year interest (in Rs) of simple interest scheme?