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Simple Interest-Data Intensity 1 :: Discussion
| 8. | A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is? | |
| A. | 5% | |
| B. | 7% | |
| C. | 7〖1/8〗 | |
| D. | 10% | |
| Answer: Option D | ||||||||||||||||||
| Explanation: | ||||||||||||||||||
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Let the rate be R% p.a.
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| Tutorial Link: |
100R + 120R = 2200
Rate = 10%.Comments are not available
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