How to solve IPMAT 2024 - Quantitative Aptitude Question 10?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIM IPMAT exams.

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IPMAT 2024 - Quantitative Aptitude Question 10

This is a detailed step-by-step solution for IPMAT 2024 - Quantitative Aptitude Question 10. Understand the concept, common mistakes, and expert tips to solve similar questions in IIM IPMAT exam.

IPMAT 2024 - Quantitative Aptitude

Let the first portion borrowed at 3% p.a. SI be Rs x
And the other portion borrowed at 4% p.a. be Rs (4000 − x)
∴ Total interest = SI₁ + SI₂
13000 = 3x + 16000 − 4x
x = 3000
∴ Amount borrowed at 3% p.a.SI was Rs 3000

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