Question

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? ​

Answer 1

Answer:

Let the Rate \% = R

According to the question,

5000×2×R100+3000×4×R100=22005000×2×R100+3000×4×R100=2200

100R+120R=2200100R+120R=2200

220R=2200220R=2200

R=10%

Step-by-step explanation:

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