.Raju lent 400 to Ajay for 2 yr and 100to Manoj for 4 yr and received

1.	.Raju lent 400 to Ajay for 2 yr and 100to Manoj for 4 yr and received from both60 as collective interest. Find the rate ofinterest, simple interest being calculated.[SSC CGL 2008](a) 5%(b) 6%(c) 8%(d) 9%
Answer» Let rate is R%. According to the question, [4002R/100] + [1004R/100] = 60;8R+4R = 60;Hence, R = 5%. Like my answer if you find it useful!

.Raju lent 400 to Ajay for 2 yr and 100to Manoj for 4 yr and received from both60 as collective interest. Find the rate ofinterest, simple interest being calculated.[SSC CGL 2008](a) 5%(b) 6%(c) 8%(d) 9%

Answer»

Let rate is R%.

According to the question,

[400*2*R/100] + [100*4*R/100] = 60;8R+4R = 60;Hence, R = 5%.

Like my answer if you find it useful!