Question

Arjun made two investments: the first was Rs. 1,600 at an annual simple interest rate of R% for a period of 2 years, and the second was Rs. 2,000 at an annual simple interest rate of (R + 5)% for 3 years. The total interest he earned from both investments combined was Rs. 1,772. Calculate the value of R.

A 12
B 15
C 16
D 10
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query