New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A person invested a sum of Rs. 9000 at r% per annum at

    simple interest and a sum of Rs. 13500 at (r-4)% at simple interest. If total interest earned on both the investments for 5 years is Rs. 9337.50, then the rate of interest on the first investment is:
    A 10.2% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 10.7% Correct Answer Incorrect Answer
    D 9.5% Correct Answer Incorrect Answer

    Solution

    As we know, SI = Prt/100 According ot the question (9000 × r × 5)/100 + [13500 × (r – 4) × 5]/100 = 9337.50 450r + 675r – 2700 = 9337.50 1125r = 9337.50 + 2700 r = 12037.5/1125 ∴ r = 10.7

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