A moneylender lent rs 400 for 2 years and rs 200 for 3 years at the same rate simple interest and received totally rs70 as interest.what was the rate of interest
Answers
Answered by
6
a/q
(400×2×r/100 )+ (200×3×r/100) = 70
8r + 6r = 70
14r = 70
r = 70/14
= 5
the rate of interest is 5%
(400×2×r/100 )+ (200×3×r/100) = 70
8r + 6r = 70
14r = 70
r = 70/14
= 5
the rate of interest is 5%
Similar questions