document.write( "Question 316446: mohan lends rs 4800 to john for 25/4 years and rs 2500 to shyam for 6 years and receives a total sum of rs 2196 as interest. find the rate per cent per annum, it being the same in both the cases \n" ); document.write( "
Algebra.Com's Answer #226374 by moshiz08(60)![]() ![]() You can put this solution on YOUR website! The formula for simple interest is Interest = Principle * Rate * Time \n" ); document.write( "(I = P*R*T)\r \n" ); document.write( "\n" ); document.write( "The interest from John is \n" ); document.write( "and the interest from Shyam is \n" ); document.write( "\n" ); document.write( "So the total interest is \n" ); document.write( "\n" ); document.write( "Thus \n" ); document.write( "\n" ); document.write( "Dividing by 45000 gives \n" ); document.write( "\n" ); document.write( "so Mohan must have lent them money at 4.88% interest rate. \n" ); document.write( " |