A money lender lend ₹ 400 for 2 years and ₹200 for 3 years at the same rate simple interest and received totally ₹70 as interest what was the rate of interest
Answers
Answered by
1
Answer:
Step-by-step explanation:
SI1= PTR/100
=400×2×R/100
=8R
SI2=PTR/100
=200×3×R/100
=6R
Given.. SI1+SI2=70
8R+6R=70
14R=70
R=70/14
R=5%
Answered by
0
Answer:
5%
Step-by-step explanation:
Similar questions