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    Question

    Rs. 9000 is invested in scheme тАШAтАЩ for 2 years and

    Rs. 7500 is invested in scheme тАШBтАЩ for 2 years. Scheme тАШAтАЩ offers simple interest of 10% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme тАШBтАЩ.
    A 10% Correct Answer Incorrect Answer
    B 11% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 18% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest received from scheme тАШAтАЩ = 9000 ├Ч 10 ├Ч 2 ├╖ 100 = Rs. 1800 Let the rate of simple interest offered by scheme тАШBтАЩ = тАШk%тАЩ p.a. ATQ; 7500 ├Ч 2 ├Ч k ├╖ 100 = 1800 Or, 150k = 1800 Or, k = (1800/150) = 12 So, rate of simple interest offered by scheme тАШBтАЩ = 12% per annum.

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