A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ? | Examsbook

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A person lends Rs. 1540 for five years and Rs. 1800 for four years. If he gets Rs. 1788 as interest on both amounts, what is the rate of interest ?

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Ashu administrators Reply Quote

Answer : 3 12% Explanation : Answer: C) 12% Explanation: Let the interest rate be r%We know that,S.I = PTR/100=

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