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Sanjay borrowed ₹ 900 at 4% p.a. and 1100 at 5% p.a. for the same duration. He had to pay ₹ 364 in all as interest. What is the time period in years?

Sanjay borrowed ₹ 900 at 4% p.a. and 1100 at 5% p.a. for the same duration. He had to pay ₹ 364 in all as interest. What is the time period in years?

Sanjay borrowed ₹ 900 at 4% p.a. and 1100 at 5% p.a. for the same duration. He had to pay ₹ 364 in all as interest. What is the time period in years?

  • A. 5 years
  • B. 3 years
  • C. 4 years
  • D. 2 years
 

The correct answer is option C. 4 years. Can you explain this answer in the comments?


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1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

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Sanjay borrowed ₹ 900 at 4% p.a. and 1100 at 5% p.a. for the same duration. He had to pay ₹ 364 in all as interest. What is the time period in years?




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About the Author

This is Ashutosh Nautiyal. Currently, I'm pursuing my graduation from Bipin Tripathi Kumaon Institute Of Technology, Dwarahat, Almora and my branch is Civil Engineering. I have done my schooling at Omkarananda Saraswati Nilayam, Rishikesh.

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