Question
29 of
100
Question Palette
A lent Rs. 600 to B for 2 years and Rs. 150 to C for 4 years and received Rs. 90 altogether as simple interest. The rate of interest is:
Correct Option:
B
Explanation
The total simple interest is 600 × 2 × r + 150 × 4 × r = 90. Hence 1800r = 90 and r = 5%.
