engineering recuitment FCI JE 2022 Mock Test for CE/ME/EE (Phase I & II) Quantitative Aptitude Interest Simple Interest
Manisha borrowed a total amount of Rs. 40000, part of it on simple interest rate of 16% per annum and remaining on simple interest rate of 12% per annum. If at the end of 3 years she paid in all Rs. 56320 to settle the loan amount, what was the amount borrowed at 16% per annum?
1
Rs. 16000
2
Rs. 18000
3
Rs. 17500
4
Rs. 12000
5
None of these