Question

I lent Rs.3000 to Shubham for 4 years and Rs.2000 to Sai for 2 years. Find the rate of interest if I get an
interest of Rs.480 in the end.

Answer 1

Answer:

shhhhhh the answers for the question I lent Rs.3000 to Shubham for 4 years and Rs.2000 to Sai for 2 years. Find the rate of interest if I get an

interest of Rs.480 in the end this is responsible for the years times mltipe is andwer

Answer 2

Step-by-step explanation:

Let the rate of interest be equal to r.

As we know that,

Simple interest=

100

Principle×rate×time

By using the above formula and given information that the total interest is equal to Rs. 2880,

Total interest

2880

320r

r

r

=

100

3000×r×4

+

100

8000×r×

2

5

=120r+200r

=2880

=

320

2880

=9%