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Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is
  • a)
    8%
  • b)
    16%
  • c)
    12%
  • d)
    14%
  • e)
    None of the Above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to th...
D. 14%
Explanation: S.I. on Rs 15000 =(15000×6×1)/100 = Rs. 900 Profit to made on Rs 30000 = 30000×10/100=Rs 3000 S.I.on Rs.15000 = 3000-900 = Rs.2100 Rate=(S.I.* 100)/(P * T)=(2100×100)/15000 =14% per annum
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Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to th...
D. 14%
Explanation: S.I. on Rs 15000 =(15000×6×1)/100 = Rs. 900 Profit to made on Rs 30000 = 30000×10/100=Rs 3000 S.I.on Rs.15000 = 3000-900 = Rs.2100 Rate=(S.I.* 100)/(P * T)=(2100×100)/15000 =14% per annum
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Community Answer
Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to th...
Ans d -14%
10%of 30000=3000
6% of 15000=900
if 2nd give him2100 then whole profit is 10%
so [2100×100]÷15000=14%
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Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend isa)8%b)16%c)12%d)14%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer?
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Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend isa)8%b)16%c)12%d)14%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend isa)8%b)16%c)12%d)14%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend isa)8%b)16%c)12%d)14%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer?.
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