Ramu and Ravi took out loans 60000 rupees eachfrom a bank at 5% intere

1.	Ramu and Ravi took out loans 60000 rupees eachfrom a bank at 5% interest. Ramu settled the debtafter one year and took out another loon of 60000yupees which he settled the next year. Ravi could notsettle the loan afterone year and he was askedto pay 70% interest. How much each gave as interest?
Answer» ☆Solution Answer: LET the SUM BORROWED be Z. Then, (Zx6x3/100) + (Zx9x3100) + (Zx14x100) = 11400 Therefore, 3Z/25+27Z/100 + 14Z/25) = 11400 ? 95Z/100 = 11400 Z = (11400x100/�) = 12000

Ramu and Ravi took out loans 60000 rupees eachfrom a bank at 5% interest. Ramu settled the debtafter one year and took out another loon of 60000yupees which he settled the next year. Ravi could notsettle the loan afterone year and he was askedto pay 70% interest. How much each gave as interest?

Answer»

Answer:

LET the SUM BORROWED be Z. Then,

(Zx6x3/100) + (Zx9x3100) + (Zx14x100) = 11400

Therefore, 3Z/25+27Z/100 + 14Z/25) = 11400

? 95Z/100 = 11400

Z = (11400x100/�) = 12000