Question:Vishal lent Rs.`150`to Sandeep for `4` years and Rs.`600` to Deepak for `2`years. If he receives Rs.`90` as simple interest altogether, the rate of interest is :
A `12%`
B `10%`
C `5%`
D `4%`
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+ Answer
C
+ ExplanationLet the rate be R% per annum.Then ,
`(150 xx R xx 4)/100 + (600 xx R xx 2)/100`
`= 90 ⇔ 18R`
`= 90 ⇔ R`
`= 5%`