Mayur and Vishal borrowed Rs. 2250 and Rs. 2500 respectively at the same rate of simple interest for 3 years. If the interest paid by Vishal is Rs. 45 more than that paid by Mayur, what is the rate of interest per annum?
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Answer:
Correct Answer:(6)
Step-by-step explanation:
(6) Let interest rate be r. Interest (Mayur) =2250×r×3100; Interest
(Vishal) =2500×r×3100
⇒3r100(2500−2250)=45
⇒r=45003×(250)=6
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