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: ?->(Show Answer!)

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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: ?->(Show Answer!)

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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:

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By: guest on 01 Jun 2017 05.48 pm

Let the rate be R% p.a. Then, 5000 x R x 2 + 3000 x R x 4 = 2200. 100 100 100R + 120R = 2200 R = 2200 = 10. 220 Rate = 10%.

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