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At some rate of simple interest, A lent ...

At some rate of simple interest, A lent Rs. 6000 to B for 2 years and Rs. 1500 to C for 4 years and received Rs. 900 as interest from both of them together. The rate of interest per annum was:

A

a. `4%`

B

b. `8%`

C

c. `10%`

D

d. `5%`

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The correct Answer is:
To find the rate of interest per annum, we will use the formula for simple interest and set up an equation based on the information provided in the question. ### Step-by-Step Solution: 1. **Identify the amounts lent and the time periods**: - Amount lent to B (P1) = Rs. 6000 for 2 years - Amount lent to C (P2) = Rs. 1500 for 4 years 2. **Use the formula for Simple Interest (SI)**: The formula for Simple Interest is: \[ SI = \frac{P \times T \times R}{100} \] where: - \(P\) = Principal amount - \(T\) = Time in years - \(R\) = Rate of interest per annum 3. **Calculate the interest from both loans**: - Interest from B (SI1): \[ SI1 = \frac{6000 \times 2 \times R}{100} = \frac{12000R}{100} = 120R \] - Interest from C (SI2): \[ SI2 = \frac{1500 \times 4 \times R}{100} = \frac{6000R}{100} = 60R \] 4. **Set up the equation for total interest**: According to the problem, the total interest received from both B and C is Rs. 900: \[ SI1 + SI2 = 900 \] Substituting the expressions for SI1 and SI2: \[ 120R + 60R = 900 \] 5. **Combine like terms**: \[ 180R = 900 \] 6. **Solve for R**: \[ R = \frac{900}{180} = 5 \] 7. **Conclusion**: The rate of interest per annum is **5%**.
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ARIHANT SSC-CI/SI/INSTALMENTS-EXERCISE (LEVEL - 1)
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  3. At some rate of simple interest, A lent Rs. 6000 to B for 2 years and ...

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  4. A person takes a loan of Rs 200 at 5% simple interest. He returns R...

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  5. A lends a sum of money for 10 years at 5% SI. B lends double the amoun...

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  7. Pratibha an amount of Rs. 15,860 in the the names of her three daughte...

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  8. What annual payment will discharge a debt of Rs. 580 in 5 years, the r...

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  9. Find the amount of Rs. 2500 invested at 12% during the period from 4^(...

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  10. Find the amount of Rs. 1700 invested at 16% half yearly at simple inte...

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  11. The compound interest on Rs. 1000 at 10% p.a. in 3 years :

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  12. The compound interest on Rs. 10000 at 20% p.a. in 4 years :

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  13. The compound interest on Rs. 4000 at 25% p.a. in 3 years :

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  14. The compound interest on Rs. 5000 at 30% p.a. in 3 years :

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  15. A sum of Rs 400 would become Rs. 441 after 2 years at r% compound inte...

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  16. At compound interest , if a certain sum of money doubles in n years , ...

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  17. Rs. 6000 amounts to Rs . 7986 in 3 years at Cl. The rate of interest i...

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  18. The least number of complete years in which a sum of money put out ...

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  19. The Cl on Rs. 5000 for 3 years at 8% for first year, 10% for second ye...

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  20. A sum of Rs. 2400 deposited at Cl, doubled after 5 years. After 20 yea...

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