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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:
  • a)
    5%
  • b)
    7%
  • c)
    7.5%
  • d)
    10%
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
A lent Rs 5000 to B for 2 years and Rs 3000 to C for 4 years on simple...
Let R% be the rate of simple interest then,

from question we can conclude that

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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:a)5%b)7%c)7.5%d)10%Correct answer is option 'D'. Can you explain this answer?
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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:a)5%b)7%c)7.5%d)10%Correct answer is option 'D'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about 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:a)5%b)7%c)7.5%d)10%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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:a)5%b)7%c)7.5%d)10%Correct answer is option 'D'. Can you explain this answer?.
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