Simple Interest Practice Test 1

Question : 23 of 40

Marks: +1, -0

A lent a sum of Rs. 1250 to B at a certain rate of interest for 3 years and a sum of Rs. 1500 to C at the same rate of interest for 2 years. If he was paid total Rs. 258.75 as interest in both cases, find the rate of interest at which money was lent by him.

$4 1/ 6 %$
$6 1 / 4 %$
$2 1 / 7 %$
$3 5/ 6 %$

Validate

Solution:

{1250×R×3}/100+{1500×R×2}/100=258.75

⇒ 6750 R = 25875

R=25875/6750=23/6=3 5/6%

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