CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
Question

What is the rate of simple interest for the first 4 years if the sum of Rs.360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 16%?

A
4%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
5%
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
3%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
6%
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B 5%
P = Rs. 360, A = Rs. 540, SI = Rs. 180.

SI=PRT100

180=360×R×4100+360×6×5100

72=360×R×4100,R=5%

flag
Suggest Corrections
thumbs-up
4
BNAT
mid-banner-image