1. | 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: |
||||||||||||||||||||||||

Answer: Option D Explanation: Let the rate be R% p.a.
100R + 120R = 2200
Rate = 10%. |

Leave a Comment