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Question 115
A person takes a loan of Rs. 10,0000 partly from a bank at 8% p.a. and remaining from another bank at 10% p.a. He pays a total interest of Rs. 950 per annum. Amount of loan taken from the first bank (in Rs.) is
Solution
Let's assume person takes a loan of x from first bank and y from second bank.
Hence according to given question :
$$\frac{8x}{100} + \frac{10y}{100}$$ = 950
$$x+y$$ = 100000
Solving above equations we will get value of x = 2500
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