1.

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


Discussion

No Comment Found