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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 total from both as interest. The rate of interest per annum is.
  • a)
     11.5%
  • b)
     10%
  • c)
     17%
  • d)
Correct answer is option 'B'. 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 simp...
Let the rate % = R
According to the question,

100R + 120 R = 2200
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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 total from both as interest. The rate of interest per annum is.a)11.5%b)10%c)17%d)Correct answer is option 'B'. 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 total from both as interest. The rate of interest per annum is.a)11.5%b)10%c)17%d)Correct answer is option 'B'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE 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 total from both as interest. The rate of interest per annum is.a)11.5%b)10%c)17%d)Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GATE 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 total from both as interest. The rate of interest per annum is.a)11.5%b)10%c)17%d)Correct answer is option 'B'. Can you explain this answer?.
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