Multiple Choice Questions on Vithya gave Rs 20000 to Priya for 5 years and Rs 30000 to Vijay for 2 years If the rate of inte........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Vithya gave Rs 20000 to Priya for 5 years and Rs 30000 to Vijay for 2 years If the rate of inte...........

Quantitative Aptitude ( CCS) Simple Interest
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    Vithya gave Rs.20000/- to Priya for 5 years and Rs.30000/- to Vijay for 2  years. If the rate of interests is the same and she received Rs.12800- as SI from both. What is the rate of interest?

    8%

    Correct Answer

    7%

    Incorrect Answer

    9%

    Incorrect Answer

    11%

    Incorrect Answer
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    Explanation:

    20000*5*R/100 + 30000*2*R/100 = 12800
    1600R = 12800
    R = 12800/1600 = 8%

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