Question 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
A. 9%
B. 10%
Feedback Let R% be the rate of simple interest then,
from question we can conclude that
(5000xRx2/100)+(3000xRx4/100)=2200
R=10%
C. 11%
D. 12%

These questions are from this test. Would you like to take a practice test?

Practice Simple Interest Online Test 4 | Englishfreetest.com

  • 20 minutes
  • 10 questions
Do test

Some questions from the same exam

Some other questions you may be interested in