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Get access to the detailed solutions to the previous years questions asked in IIM IPMAT exam
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