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:
A.0.05
B.0.07
C.0.09
D.0.1

Answer 1

the rate of interest is 10%

Answer 2

Option C 0.09 is the correct answer !