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At some rate of simple interest, A lent 6,000 to B for 2 years and 1,500 to C for 4 years and received 9,00 as interest from both of them together. The rate of interest per annum was
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- 5%
- 6%
- 8%
- 10%
- 5%
Correct Option: A
Here , P1 = ₹ 6000 , P2 = ₹ 1500 , T1 = 2 years , T2 = 4 years and SI = ₹ 900
If rate of interest be R% per annum then,
SI = | |
100 |
∴ 900 = | + | ||
100 | 100 |
⇒ 120R + 60R = 900
⇒ 180R = 900
⇒ R = 900 ÷ 180 = 5%