Mahesh invested rupees 2000 for 3 years and rupees 3350 for 5 years at the same rate of simple interest.if he received a total simple interest of rupees 893.75.find the same rate of interest
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Answer:i
Step-by-step explanation:
SI= (p1 x t1 x r)/100 + (p2 xt2 xr)/100
893.75= (2000 x 3 x r)/100 + (3350 x 5 x r )/100
893.75 = 60 r + 167.5 r
893.75 = 227.5 r
r = 893.75 / 227.5
r= 3.92 %
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Answer:
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