Multiple Choice Questions on A lent Rs 5000 to B for 2 years and Rs 3000 to C for 3 years on simple interest at the same rate of ........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A lent Rs 5000 to B for 2 years and Rs 3000 to C for 3 years on simple interest at the same rate of ...........

Quantitative Aptitude ( CCS) Simple Interest
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    A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 3 years on simple interest at the same rate of interest and received Rs. 3800 in all from both of them as interest.What is the rate of interest per annum.

    5%
    Incorrect Answer
    20%
    Correct Answer
    15%
    Incorrect Answer

    10%

    Incorrect Answer
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    Explanation:

    (5000*R*2)/100 + (3000*R*3)/100 = 3800
    => 100R + 90R = 3800
    => R = 20%

    Hence, option 2 is the correct answer.

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