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  1. A lent 5000 to B for 2 years and 3000 to C for 4 years on simple interest at the same rate of interest and received 2200 in all from both as interest. The rate of interest per annum is
    1. 7%
    2. 5%
    3. 71%
      8
    4. 10%
Correct Option: D

Here , P1 = ₹ 5000 , P2 = ₹ 3000 , T1 = 2 years , T2 = 4 years and SI = ₹ 2200
Let the rate of interest per annum be r% .
According to the question,

5000 × 2 × R
+
3000 × 4 × R
= 2200
100 100

⇒ 100r + 120r = 2200
⇒ 220 r = 2200
⇒ r = 2200 ÷ 220 = 10%



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