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Out of Rs 50,000, that a man has, he len...

Out of Rs 50,000, that a man has, he lends Rs 8,000 at `51//2%` per annum at simple interest and Rs 24,000 at 6% per annum simple interest. He lends the remaining money at a certain rate of interest so that he gets total annual interest of Rs 3,680. Find the rate of interest per annum, at which the remaining money is lent.

A

0.05

B

0.07

C

0.1

D

0.12

Text Solution

Verified by Experts

The correct Answer is:
C
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