IPMAT Indore 2024 (SA) - Person A borrows Rs. 4000 from another person B for a duration of 4 years. He borrows a portion of it at 3% simple interest per annum, while the rest at 4% simple interest per annum. If B gets Rs. 520 as total interest, then the amount A borrowed at 3% per annum in Rs. is: | PYQs + Solutions | AfterBoards
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IPMAT Indore 2024

Arithmetic
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Simple & Compound Interest

Easy

Person A borrows Rs. 4000 from another person B for a duration of 4 years. He borrows a portion of it at 3% simple interest per annum, while the rest at 4% simple interest per annum. If B gets Rs. 520 as total interest, then the amount A borrowed at 3% per annum in Rs. is:

Entered answer:

Correct Answer: 3000
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