New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Neha borrowed some money from Priya at 6% p.a. simple

    interest for 6 years. After 6 years, she returned the amount to Priya and again borrowed 3/5th of the amount she had borrowed from Priya, from Rakesh at 15% p.a. simple interest for 3 years. If the total money borrowed by Neha is Rs. 20,000, find the money repaid by her to Priya and Rakesh.
    A Rs.25875 Correct Answer Incorrect Answer
    B Rs.27875 Correct Answer Incorrect Answer
    C Rs.12750 Correct Answer Incorrect Answer
    D Rs.22500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the amount borrowed by Neha from Priya be Rs. ‘x’. So, the amount borrowed by Neha from Rakesh = Rs. (3x/5)

    Money to be repaid to Priya = 12500+(12500×0.06×6) = Rs.17000 Money to be repaid to Rakesh:

    7500+7500×0.45 = Rs.10875 Total amount to be repaid by Neha = 17000+10875 = Rs.27875

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