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sanjeev kumar

· started a discussion

· 1 Months ago

CC (Question: 196495.0 )

year is not given in question ??

Question:
A person lends Rs. 500 to P for 3 years at a certain rate and Rs. 2000 to Q for the same year at 2% higher rate. If he got a total of Rs. 345 as simple interest from both P and Q, then at what rate the money was lent to Q?
Options:
A) 3%
B) 6%
C) 4%
D) 5%
Solution:

Let R be the rate of interest

The rate at which money was lent to Q = 5%

Knowledge Expert

· commented

· 1 Months ago

Dear Student,

"3 years" was missing in the question....we resolved it....Thanks for noticing...

Q: A person lends Rs. 500 to P for 3 years at a certain rate and Rs. 2000 to Q for the same year at 2% higher rate. If he got a total of Rs. 345 as simple interest from both P and Q, then at what rate the money was lent to Q?
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