A lent rs.600 to b for 2 years and rs.150 to c for 4 years and receive all together rs.90 as both as interest.Find the rate of interest.
Answers
answer
step by step explanation
rate of interest= simple interest * 100 /sum borrowed* time
90*100/600+150*2+4
= 90*100/750*6
=12/6%
=2%
hope it is helpful if, please mark as brainliest answer
GIVEN :
=> A LENT MONEY :
TO B :
=> 600 RS
PERIOD :
=> 2 YEARS
_____________________________
TO C :
=> 150 RS
PERIOD :
=> 4 YRS
_____________________________
LET,
=> THE RATE OF INTEREST BE X %
_____________________________
FORMULA FOR SIMPLE INTEREST :
=> P * N * R / 100
_____________________________
SIMPLE INTEREST COLLECTED FROM B :
=> 600 * 2 * X / 100
=> 12X RS
_____________________________
SIMPLE INTEREST COLLECTED FROM C :
=> 150 * 4 * X / 100
=> 6X RS
_____________________________
BUT ,
=> WE HAVE GIVEN THE SUM OF INTEREST COLLECTED :
=> 90RS
______________________________
BY ALL THIS INFO :
=> TOTAL SIMPLE INTEREST
=> 12X RS + 6X RS = 90 RS
=> 18X RS = 90 RS
=> X = 90 RS / 18 RS
=> X = 5 %