Vikram lends Rs 30 000 of two of his friends He gives Rs 15 000 to the first at 6 p a simple interes...........

Quantitative Aptitude ( CCS) Simple Interest

Vikram lends Rs 30,000 of two of his friends. He gives Rs 15,000 to the first at 6% p.a. simple interest. He wants to make a profit of 10% on the whole. The simple interest rate at which he should lend the remaining sum of money to the second friend is

16%

12%

14%

छोटे Courses बड़े Results

Master Simple Interest

Prepare through Micro-courses

Try Now

Explanation:

S.I. on Rs 15000
=(15000×6×1)/100 = Rs. 900
Profit to made on Rs 30000
= 30000×10/100=Rs 3000
S.I.on Rs.15000 = 3000-900 = Rs.2100
Rate=(S.I.* 100)/(P * T)=(2100×100)/15000
=14% per annum