1.

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:

A. 11 %
B. 12.5 %
C. 10.5 %
D. 13 %
Answer» C. 10.5 %


Discussion

No Comment Found