29. Ashok lent Rs.7000 to Ram for 3 years and Rs.4000 to Harish for 2 years on simple interest and at same rate of interest. If Ashok received Rs.3000 as total interest from both, what is the rate interest?
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Answer:10.34%
Step-by-step explanation:
SI = PNR/100
7000×R×3/100+4000×R×2/100=3000
210 R + 80 R =3000
R= 10.34%
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