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17 Jul 2019, 04:11
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C
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I needed Rs. 1,20,000 to buy a Plasma TV and hence I borrowed Rs. 75,000 from Vani and the rest from Vivek. Vani and Vivek charge me a rate of interest such that the interest amount payable to both of them is the same. If in all I re-pay them a total of Rs. 1,50,000 at the end of 2 years, what is the rate of interest charged per annum by the two?
1. 10%,20%
2. 12.5%, 20%
3. 10%,16.66%
4. 12.5%, 16.66%
5. 16.66, 20%
1. 10%,20%
2. 12.5%, 20%
3. 10%,16.66%
4. 12.5%, 16.66%
5. 16.66, 20%
17 Jul 2019, 04:35
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Answer C
For ease take total amount as 120.
Vani: 75
So vivek: 45.
Interest paid total 150-120= 30 for two years.
Each year= 15.
Interest amount is same so 7.5 paid to each person per year.
So vani amount is 75 so 7.5 is 10%.
Vivek amount is 45 so 7.5 is about 16.66%
Answer C
Posted from my mobile device
For ease take total amount as 120.
Vani: 75
So vivek: 45.
Interest paid total 150-120= 30 for two years.
Each year= 15.
Interest amount is same so 7.5 paid to each person per year.
So vani amount is 75 so 7.5 is 10%.
Vivek amount is 45 so 7.5 is about 16.66%
Answer C
Posted from my mobile device
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