Question

Mohan lends Rs. 4,800 to John For 4 1/2 years and Rs. 2,500 to Shyam For 6 years and receives a total sum of 2196 As Interet. Find the Rate percent Per Annum, It being The same In both the cases

Answer 1

Let simple interest for Mohan = x
For Shyam = 2196-x
 For Mohan
   x=4800x9x r/200
For Shyam
    2500x6x r/100 =2196-x
     x=2196-150r
      216r=2196-150r
       366r=2196
        r=6% 
      

Answer 2

Answer:

Here is the answer.

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