If abhav lent 1400to divya for3years at certain rate of simple Intrest and 900to chetan for same time at the same time at the same rate. If he gets 60rs less from chetan then that from high.,then the rate percent is
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Answer: R = 15%
Explanation:
Given that,
S.I = (P × R × T)/100
⇒ 700 = (1400 × R × 40)/(100 × 12)
∴ R = 15%
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Answer:
Thus, the rate of interest is 15%.
Explanation:
Given - Loan to Divya - Principal amount = Rs. 1400
Time = 3 years
Loan to Chetan - Principal amount = Rs. 900
Time = 3 years
The amount returned by Chetan is Rs. 60 less than the amount returned by Divya.
To find - The rate of interest
Formula -
Solution -
Loan to Divya,
Thus, Divya returns to Abhav.
Loan to Chetan,
Thus, Chetan returns to Abhav.
We are also given that
We can further solve this as
Thus, R = 15%, i.e., the rate of interest is 15%.
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