ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    A person borrowed Rs. 9,300 at 11% p.a. and Rs. 6,700 at

    13% p.a. simple interest. If the total interest paid after тАШnтАЩ years is Rs. 5,486, find the value of тАШnтАЩ.
    A 3.7 yrs Correct Answer Incorrect Answer
    B 8.5 yrs Correct Answer Incorrect Answer
    C 2.9 yrs Correct Answer Incorrect Answer
    D 5.9 yrs Correct Answer Incorrect Answer

    Solution

    ATQ,

    9300 ├Ч (11/100) ├Ч n + 6700 ├Ч (13/100) ├Ч n = 5486

    Or, 1023n + 871n = 5486

    So, n = (5486/1894) = 2.9 years

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question