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Discussion :: Simple Interest

  1. 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:

  2. A.

    5%

    B.

    7%

    C.

    7\(\frac { 1 } { 8 }\)%

    D.

    10%

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    Answer : Option D

    Explanation :

     

    Then, \( [\frac { 5000*R*2 } { 100 } ]\)     + \([\frac { 3000*R*4 } {100 }]\)     = 2200.
       

     

     100R + 120R = 2200

     

     R =\([ \frac { 2200 } { 220 }]\)       = 10.
     

     

     Rate = 10%.

     


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