Question

Raghav lent ₹7,500 to Gopal for three years and ₹5,000 to Sachin for four years on simple interest at the same rate of interest, and received ₹3,570 in all from both as interest. The interest paid by Sachin is:

• A. ₹1,580
• B. ₹1,680
• C. ₹1,500
• D. ₹1,600

Answer 1

Answer:

B. ₹1,680

Simple Interest, SI = (P × R × T) / 100 rate of interest be R%. (7500 × R × 3)/100 + (5000 × R × 4)/100 = 3570 R = 8.4% Interest paid by Sachin = (5000 × 8.4 × 4)/100 = Rs. 1680