5. Vishwas borrowed a total amount of ₹ 30000, part of it on simple interest rate of 12 p.c.p.a. and remaining on simple interest rate of 10 p.c.p.a. If at the end of 2 years he paid in all  ₹ 36480 to settle the loan amount, what was the amount borrowed at 12 p.c.p.a.?

1. ₹ 12000 

2. ₹ 16000 

3. ₹ 17500

4. ₹ 18000

Correct Answer :

₹ 12000