At
some rate
of simple
interest, A lent Rs. 6,000 to B
for 2 years and Rs. 1,500 to C
for 4 years and received Rs. 9,00
as interest from both of them
together. The rate of
interest per annum was:
Answers
Answered by
26
Answer:
- The rate of interest per annum was 5%.
Step-by-step explanation:
Given that:
- A lent ₹6000 to B for 2 years.
- A also lent ₹1500 to C for 4 years.
- A receives ₹900 from both of them together.
To Find:
- The rate of interest.
Let us assume:
- The rate of interest be x.
Then,
Simple Interest for B:
Substituting the values,
Cutting off the zeros,
Multiplying the numbers,
Simple Interest for C:
Substituting the values,
Cutting off the zeros,
Multiplying the numbers,
Now, according to the question:
Adding the variables,
Transposing 180 from LHS to RHS and changing its sign,
Cutting off the zeros,
Dividing the numbers,
Hence,
- x = 5
Therefore,
- Rate of interest is 5% per annum.
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