A lent Rs. 5000 to B for a duration of 2 years and Rs. 3000 to C for a period…
2025
A lent Rs. 5000 to B for a duration of 2 years and Rs. 3000 to C for a period of 4 years both at the same
simple interest rate. In total, he received Rs. 2200 as interest from both borrowers. What is the rate of interest per
annum?
Answer: A. 0.1 — Total interest = R/100 x (5000 x 2 + 3000 x 4). 2200 = R/100 x 22000, so R = 10%. The option writes this as 0.1.
- A.
0.1
- B.
0.12
- C.
0.15
- D.
0.17
Attempted by 4 students.
Show answer & explanation
Correct answer: A
Total interest = R/100 x (5000 x 2 + 3000 x 4).
2200 = R/100 x 22000, so R = 10%.
The option writes this as 0.1.
Loading lesson…