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What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years i

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

  • A. 4%
  • B. 5%
  • C. 3%
  • D. 6%
 

The correct answer is option B. 5%. Can you explain this answer in the comments?


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What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?




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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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