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Q: 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. | 0.11 |
B. | 0.125 |
C. | 0.105 |
D. | 0.13 |
Answer» C. 0.105 | |