A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

Question

Accepted Answer

Let the rate be R% p.a.

Then,

❨

5000 x R x 2

❩

+

❨

3000 x R x 4

⟹ R =	❨	2200	❩	= 10.
		220

A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

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