Question

Two friends, Hazel and Tanaya, borrowed the amount of 10 000 and 12,000 respectively at the same rate of interest for 2 years. If Tanaya paid 200 more interest than Hazel, find the rate of interest per annum.​

Answer 1

GIVEN:-

HAZEL AND TANYA BORROWED 10000 AND 12000 RESPECTIVELY

TO FIND:-

RATE OF INTREST

SOLUTION:-

LET RATE OF INTREST AS R

HAZEL =10000*R*2/100=100*R*2

TANYA=12000*R*2/100=120*R*2

120*R*2-100*R*2=200

R*2(120-100)=200

R=200/2*20

R=5%

HOPE THIS HELPS YOU DEAR:)