Ask Question
6 January, 17:54

Amir lent Rs. 600 to hameed for 2 years and Rs. 150 to aman for 4 year and received altogether from both Rs. 90 as simple interest. the rate of interest is.

+2
Answers (1)
  1. 6 January, 18:50
    0
    Interest = Pin = principal * interest rate * number of years

    Let interest rate be i, then

    600*i*2+150*i*4=90

    1200i+600i = 90

    i=90 / (1200+600) = 90/1800=1/20=0.05 or 5%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Amir lent Rs. 600 to hameed for 2 years and Rs. 150 to aman for 4 year and received altogether from both Rs. 90 as simple interest. the ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers