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.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
Consider the following statements about fiscal deficit:
1. Fiscal deficit is the difference between total revenue and total expenditure of the go...
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