A lend Rs 600 to B for 2 yr and Rs 150 to C for 4 yr and recieved altogether from both Rs 90 as interest.Find the rate of simple interest being calculated.
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Explanation:-
600 Rs. for 2yrs.=1200 Rs. for 1 year
150 Rs. for 2yrs.= 600 for 1 year
Rate= (90×100)/(1800×1)= 9000/ 1800=5%
●Rate of SI =5%
600 Rs. for 2yrs.=1200 Rs. for 1 year
150 Rs. for 2yrs.= 600 for 1 year
Rate= (90×100)/(1800×1)= 9000/ 1800=5%
●Rate of SI =5%
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