Mohan lends Rs $4, 800$ to John for $4 \frac{1}{2}$ years and Rs $2, 500$ to Shyam for $6$ years and receives a total sum of Rs $2, 196$ as interest. Find the rate per cent per annum, it being the same in both the cases.

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Solution

The correct option is C $6$ %
According to the question,we have
$\frac{4800 \times R \times 9}{100 \times 2} + \frac{2500 \times 6 \times R}{100} = 2196$
$216 R + 150 R = 2196$
$366 R = 2196$
$R = \frac{2196}{366} = 6$

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Mohan lends Rs 4,800 to John for 412 years and Rs 2,500 to Shyam for 6 years and receives a total sum of Rs 2,196 as interest. Find the rate per cent per annum, it being the same in both the cases.

The correct option is C 6%According to the question,we have4800×R×9100×2+2500×6×R100=2196216R+150R=2196366R=2196R=2196366=6

Mohan lends Rs $4, 800$ to John for $4 \frac{1}{2}$ years and Rs $2, 500$ to Shyam for $6$ years and receives a total sum of Rs $2, 196$ as interest. Find the rate per cent per annum, it being the same in both the cases.

The correct option is C $6$ %
According to the question,we have
$\frac{4800 \times R \times 9}{100 \times 2} + \frac{2500 \times 6 \times R}{100} = 2196$
$216 R + 150 R = 2196$
$366 R = 2196$
$R = \frac{2196}{366} = 6$