A milkman borrowed a sum of Rs. 2,500 from two moneylenders for one loan on simple interest at the rate of 5% and 7%, respectively, for a period of 2 years. If the total interest paid by him was Rs. 276, then how much did he borrow at the rate of 7% p.a.?
A. Rs. 700
B. Rs. 650
C. Rs. 675
D. Rs. 550
Answer: Option B
This Question Belongs to Arithmetic Ability >> Alligation
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