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

At some rate of simple interset, A lent Rs 6,000 to B for 2 years and Rs 1,500 to C for 4 years and received Rs 9,00 as interset from both of them together. The rate of interest per annum was

A

0.05

B

0.06

C

0.08

D

0.1

Text Solution

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The correct Answer is:
To solve the problem step by step, we will use the formula for Simple Interest (SI), which is: \[ \text{SI} = \frac{P \times R \times T}{100} \] where: - \( P \) = Principal amount (the initial amount of money) - \( R \) = Rate of interest per annum - \( T \) = Time in years ### Step 1: Calculate Simple Interest from B A lent Rs 6,000 to B for 2 years. The Simple Interest earned from B can be calculated as follows: \[ \text{SI}_B = \frac{6000 \times R \times 2}{100} \] ### Step 2: Calculate Simple Interest from C A lent Rs 1,500 to C for 4 years. The Simple Interest earned from C can be calculated as follows: \[ \text{SI}_C = \frac{1500 \times R \times 4}{100} \] ### Step 3: Set up the equation for total interest According to the problem, the total interest received from both B and C is Rs 900. Therefore, we can write the equation: \[ \text{SI}_B + \text{SI}_C = 900 \] Substituting the expressions from Step 1 and Step 2 into the equation: \[ \frac{6000 \times R \times 2}{100} + \frac{1500 \times R \times 4}{100} = 900 \] ### Step 4: Simplify the equation Now, we can simplify the equation: 1. Simplifying the first term: \[ \frac{6000 \times R \times 2}{100} = 120R \] 2. Simplifying the second term: \[ \frac{1500 \times R \times 4}{100} = 60R \] Now, substituting back into the equation: \[ 120R + 60R = 900 \] Combine like terms: \[ 180R = 900 \] ### Step 5: Solve for R Now, we can solve for \( R \): \[ R = \frac{900}{180} \] Calculating this gives: \[ R = 5 \] ### Conclusion The rate of interest per annum is **5%**. ---
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