A lent Rs. 5000 to B for two years and Rs. 3000 to C for four years on simple interest at the same rate, and received Rs. 2200 in total as interest from both of them. The annual rate of interest is:
A. 5%
B. 7%
C. 7.18%
D. 10%
Answer:D
A lent Rs. 5000 to B for two years and Rs. 3000 to C for four years on simple interest at the same rate, and received Rs. 2200 in total as interest from both of them. The annual rate of interest is:
A. 5% B. 7% C. 7.18% D. 10%