Question
A bank gives out Rs.6000 to Customer A for 2 years and Rs.1500 to customer B for 4 years. It receives interest of Rs.900 from them put together. Find the rate of interest (SI)?
Answer: Option A
:
A
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A
Rs.6000 for 2 years Rs.12000 for 1 year and Rs.1500 for 4 years Rs.6000 for 1 year
Total Principal = Rs 18000 for 1 year
SI=PRT100→Rate=900×10018000=5%
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