A person invested a sum of Rs. 9000 at r% per annum at simple interest and a sum of Rs. 13500 at (r−2)% at simple interest. If total interest earned on both…
A person invested a sum of Rs. 9000 at r% per annum at simple interest and a sum of Rs. 13500 at (r−2)% at simple interest. If total interest earned on both the investments for 5 years is Rs. 9337.50, then the rate of interest on the first investment is:
Show answerHide answer
Correct answer: (D) 9.5%