Multiple Choice Questions on A lent Rs 6000 to B for 3 years and Rs 7000 to C for 4 years on simple interest at the same rate of ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A lent Rs 6000 to B for 3 years and Rs 7000 to C for 4 years on simple interest at the same rate of ...........

Quantitative Aptitude ( CCS) Simple Interest
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    A lent Rs. 6000 to B for 3 years and Rs. 7000 to C for 4 years on simple interest at the same rate of interest and received Rs. 4600 in all from both of them as interest. The rate of interest per annum is:

    5%

    Incorrect Answer

    8%

    Incorrect Answer

    10%

    Correct Answer

    12%

    Incorrect Answer
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    Explanation:

    Let the rate of interest be r.
    (6000*r*3)/100 +(7000*r*4)/100=4600
    180r+280r=4600
    460r=4600=>r=10%.

    Hence, opiton 3 is the correct answer.

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