Lets Assume after 10 years amount = 2p
so, SI=2P-P = P
P=(P*R*10)/100
r=10%
now amount = 3P
SI= 3P-P=2P
2P=(P*10*T)/100
T=20years
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A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:
Rambo took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If he paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
Sum= A
Interest= B
A——–A———A
———-B———B
———————B
———————C
CI for 3 years=3A+3B+C
SI for 3 years =3A
Diff= 3B+cCI for 2 years=2A+B
SI for 2 years=2A
diff=B
ratio=(3B+C)/B=31/10
B=10; C=1
Rate=C/B=1/10=10%
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