Arithmetic Ability
Simple Interest

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Q.

A Rent 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:

View Answer

Correct choice: D

Explanation:

Let the rate be R% p.a. Then, 5000×r×2/100+3000×r×4/100=2200 Rate = 10%
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