Join ExamsbookAnswer : 1. "13%"
Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:5
Q: Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:
- 113%true
- 28.5%false
- 39.5%false
- 411.25%false
- Show AnswerHide Answer
- Workspace
Answer : 1. "13%"
Explanation :
Answer: A) 13% Explanation: The ratio of money she lended is 24000 : 16000 = 3 : 2 Let the rate of interest be R% 8% R% 10 3 : 2 R = 13%.