JEE Exam  >  JEE Questions  >   What is the rate of simple interest for the ... Start Learning for Free
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
  • a)
    4%
  • b)
    5%
  • c)
    3%
  • d)
    6%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is the rate of simple interest for the first 4 years if the sum ...
P = Rs. 360, A = Rs. 540, SI = Rs. 180.
SI = PRT/100
View all questions of this test
Most Upvoted Answer
What is the rate of simple interest for the first 4 years if the sum ...
Given, the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%. We need to find the rate of simple interest for the first 4 years.

We can use the formula for simple interest:

Simple Interest = (P * R * T) / 100

Where P is the principal amount, R is the rate of interest, and T is the time period.

Let's assume that the rate of interest for the first 4 years is R1.

Using the given information, we can write two equations:

360 + (360 * R1 * 4) / 100 + (360 * 6 * 5) / 100 = 540
Simplifying the above equation, we get:
R1 = 5%

Therefore, the rate of simple interest for the first 4 years is 5%.
Explore Courses for JEE exam
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer?
Question Description
What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? for JEE 2024 is part of JEE preparation. The Question and answers have been prepared according to the JEE exam syllabus. Information about What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for JEE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer?.
Solutions for What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for JEE. Download more important topics, notes, lectures and mock test series for JEE Exam by signing up for free.
Here you can find the meaning of What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer?, a detailed solution for What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?a)4%b)5%c)3%d)6%Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice JEE tests.
Explore Courses for JEE exam

Top Courses for JEE

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev