Simple Interest - Arithmetic Aptitude Questions and Answers

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Discussion :: Simple Interest

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:

7 $\frac { 1 } { 8 }$ %

10%

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Answer : Option D

Explanation :

Then,	$[\frac { 5000R2 } { 100 } ]$			+	$[\frac { 3000R4 } {100 }]$			= 2200.

100R + 120R = 2200

R = $[ \frac { 2200 } { 220 }]$				= 10.