Question

Jeevan borrowed an amount of Rs. 'x' from a bank. Out of this, he lent 25% of the borrowed amount to Jeshu at a simple interest rate of 20% per annum for 2 years. The remaining amount was lent to Jigar at a compound interest rate of 33.33% per annum, compounded annually, for 2 years. The difference between the interest earned from Jigar and Jeshu is Rs. 17,400. Calculate the value of 'x'.

Q: Answer-Jeevan borrowed an amount of Rs. 'x' from a bank. Out of this, he lent 25% of the borrowed amount to...

Let the amount borrowed by Jeevan be Rs. 300a So, amount given to Jeshu 300a X 0.25 Rs. 75a Amount given to Jigar 300 x 0.75a Rs. 225a Interest paid by Jeshu 75a X 2 X 0.20 Rs. 30a CI P 1 R100t - P Interest paid by Jigar 225a X 43 2 - 225a Rs. 175a ATQ, 175a - 30a 17400 Or, 145a 17400 So, a 120 Amount borrowed by Jeevan Rs. 120a 120 x 300 Rs. 36,000