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Hans borrows Rs. 7000 at a simple interest from the village money lender. At the end of 3years, he again borrows Rs. 3000 and closes his account after paying Rs. 4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.
  • a)
    3.5%
  • b)
    4.5%
  • c)
    5.5%
  • d)
    6.5%
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Hans borrows Rs. 7000 at a simple interest from the village money lend...
The interest would be paid on
7000 for 3 years + 10000 for 5 years
Let the rate of interest be x.
SI = 210x + 500x which is equal to 4615
⇒ x = 6.5.
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Hans borrows Rs. 7000 at a simple interest from the village money lender. At the end of 3years, he again borrows Rs. 3000 and closes his account after paying Rs. 4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.a)3.5%b)4.5%c)5.5%d)6.5%Correct answer is option 'D'. Can you explain this answer?
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Hans borrows Rs. 7000 at a simple interest from the village money lender. At the end of 3years, he again borrows Rs. 3000 and closes his account after paying Rs. 4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.a)3.5%b)4.5%c)5.5%d)6.5%Correct answer is option 'D'. Can you explain this answer? for Computer Science Engineering (CSE) 2024 is part of Computer Science Engineering (CSE) preparation. The Question and answers have been prepared according to the Computer Science Engineering (CSE) exam syllabus. Information about Hans borrows Rs. 7000 at a simple interest from the village money lender. At the end of 3years, he again borrows Rs. 3000 and closes his account after paying Rs. 4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.a)3.5%b)4.5%c)5.5%d)6.5%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Computer Science Engineering (CSE) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Hans borrows Rs. 7000 at a simple interest from the village money lender. At the end of 3years, he again borrows Rs. 3000 and closes his account after paying Rs. 4615 as interest after 8 years from the time he made the first borrowing. Find the rate of interest.a)3.5%b)4.5%c)5.5%d)6.5%Correct answer is option 'D'. Can you explain this answer?.
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