What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
A.0.04
B.0.05
C.0.03
D.0.06
Answers
Answered by
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SOLUTION :-
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Interest for the last 5 years = PTR/100;
= 360*5*6/100 = Rs. 108.
Interest for year = 540-360 = 180;
So, interest for first four years = 180-108 = Rs. 72;
Now, rate for first four years = (72*100)/360*4;
= 5%.
So , Option (B) is the right answer ✔️
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SOLUTION :-
===========
Interest for the last 5 years = PTR/100;
= 360*5*6/100 = Rs. 108.
Interest for year = 540-360 = 180;
So, interest for first four years = 180-108 = Rs. 72;
Now, rate for first four years = (72*100)/360*4;
= 5%.
So , Option (B) is the right answer ✔️
Answered by
1
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
A.0.04
B.0.05✔✔✔
C.0.03
D.0.06
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