Multiple Choice Questions

Suman lent Rs6 400 to Rahul for three years and Rs4 000 to Ganesh for 5 years on simple interest at ...........

Quantitative Aptitude (MTS) Simple Interest

Suman lent Rs6,400 to Rahul for three years and Rs4,000 to Ganesh for 5 years on simple interest at the same rate of interest

p.a., and received ?4,116 in all from both as interest. The interest paid by Ganesh is:

This questions was previously asked in

SSC MTS 22nd October 2021 Shift-2

Rs2,000

Rs2,200

Rs2,100

Rs1,800

- Suman lent a total of Rs6,400 to Rahul for 3 years.

- Suman also lent Rs4,000 to Ganesh for 5 years.

- The interest received from both Rahul and Ganesh was Rs4,116 in total.

- Since the interest is simple, the formula for simple interest is: $Interest = Principal \times Rate \times Time$ .

- Let the rate of interest be $R %$ per annum.

- Interest from Rahul: $(6400 \times 3 \times R) / 100$ .

- Interest from Ganesh: $(4000 \times 5 \times R) / 100$ .

- The total interest: $(6400 \times 3 \times R) / 100 + (4000 \times 5 \times R) / 100 = 4116$ .

Now let's solve for each:

- Simplify and solve the equation for $R$ .

- Calculate Ganesh's interest using $Interest = (4000 \times 5 \times R) / 100$ .

Finally, the correct option can be determined:

- Ganesh's interest is Rs2,100.

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