Mathematics
Mohan lends ₹ 4,800 to John for 4(1/2) years and ₹ 2,500 to Shyam for 6 years and receives a total sum of ₹ 2,196 as interest. Find the rate per cent per annum, provided it is the same in both the cases.
Related Questions
Assertion (A): Compound interest for the 2nd year on ₹ 8,000 at 5% p.a. is ₹ 820.
Reason (R): Compound interest for 2 years = Amount at the end of 2nd year - original sum.
Both A and R are correct, and R is the correct explanation for A.
Both A and R are correct, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
Assertion (A) : On ₹ 8,750 at 8% p.a., the simple interest for 1st year is equal to the simple interest for 4th year.
Reason (R) : Simple interest for 4th year = Amount at the end of 4th year - original sum.
Both A and R are correct, and R is the correct explanation for A.
Both A and R are correct, and R is not the correct explanation for A.
A is true, but R is false.
A is false, but R is true.
John lent ₹ 2,550 to Mohan at 7.5 percent per annum. If Mohan discharges the debt after 8 months by giving an old television and ₹ 1,422.50, find the price of the television.
Divide ₹ 10,800 into two parts so that if one part is put at 18% per annum S.I. and the other part is put at 20% p.a. S.I. the total annual interest is ₹ 2,060.