Multiple Choice Questions on Ajay lent Rs 400 to Vijay for 2 years and Rs 100 to Manoj for 4 years and received together from bot........... for CDS Exam Preparation

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Multiple Choice Questions

Ajay lent Rs 400 to Vijay for 2 years and Rs 100 to Manoj for 4 years and received together from bot...........

Quantitative Aptitude (CDS) Simple Interest
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    Ajay lent Rs.400 to Vijay for 2 years, and Rs.100 to Manoj for 4 years and received together from both Rs.60 as interest. Find the rate of interest, if simple interest is being calculated annually? 

    4%

    Incorrect Answer

    6%

    Correct Answer

    5%

    Incorrect Answer

    3%

    Incorrect Answer
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    Explanation:

    S.I. =P×r×t/100
    48=400×r×2/100 +100 × r× 4/100
    48=4r + 4r
    r =6%

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