A lent 5000 Rs. to B for 2 years and 3000 Rs. to C for 4 years on simple interest at the same rate of interest and received 2200 Rs. in all from both as interest. The rate of interest per annum is :
A lent 5000 Rs. to B for 2 years and 3000 Rs. to C for 4 years on simple interest at the same rate of interest and received 2200 Rs. in all from both as interest. The rate of interest per annum is :
[A]
[B]10%
[C]7%
[D]5%
10%
Let the rate of the interest per annum be r%
According to the question,
Hence option [B] is the right answer.
