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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? |
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Answer»
Then, (5000xRx2/100) + (3000xRx4/100) ‹=›100R+120R= 2200 ‹=›R= (2200/220) Rate ‹=›10%. Let the rate be R% p.a. Then, (5000xRx2/100) + (3000xRx4/100) ‹=›100R+120R= 2200 ‹=›R= (2200/220) Rate ‹=›10%. |
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