A money lender lent Rs. 1000 at 3% per year and Rs. 1200 at 5% per year.

A money lender lent Rs. 1000 at 3% per year and Rs. 1200 at 5% per year. The amount should be returned to him when the total interest comes to Rs. 350. Find the number of years.

Quiz

Answer/Solution

3.88

Steps/Work

(1000xtx3/100) + (1200xtx5/100) = 350 → t =3.88 answer C

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A money lender lent $ at % per year and $ at % per year. The amount should be returned to him when the total interest comes to $. Find the number of years.

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