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A lent Rs. 600 to B for 2 years, and Rs. 150 to C for 4 years and received altogether from both Rs. 90 as interest. Find the rate of interest, on which simple interest being calculated. (A) 5% (B) 8% (C) 7% (D) 9% |
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Answer» Correct option (A) 5% Explanation: Rs. 600 for 2 years = Rs. 1200 for 1 year and Rs. 150 for 4 years = Rs. 600 for 1 year Int. = Rs. 90 ∴ Rate = (90 x 100 /1800 x 1 )= 5% |
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