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1180

Q:

A person invested a sum of Rs. 18,600 at x% per year and another sum that is twice the former at (x+2)% per year, both at simple interest. If the total interest earned on both investments for $$ {3{1\over 2}}$$ years is Rs.23,110.50, then the rate of  interest per year on the second investment is:

  • 1
    11 %
  • 2
    12.5 %
  • 3
    10.5 %
  • 4
    13 %
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Answer : 2. "12.5 %"

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