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)\"\" \"About 
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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 \"4800%2AR%2A%2825%2F4%29\"
\n" ); document.write( "and the interest from Shyam is \"2500%2AR%2A6\" \r
\n" ); document.write( "\n" ); document.write( "So the total interest is \"+4800%2AR%2A%2825%2F4%29+%2B+2500%2AR%2A6+=+2196+\". \r
\n" ); document.write( "\n" ); document.write( "Thus \"+30000%2AR+%2B+15000%2AR+=+45000+%2AR+=+2196+\". \r
\n" ); document.write( "\n" ); document.write( "Dividing by 45000 gives \"+R+=+2196+%2F+45000+=+0.0488\", \r
\n" ); document.write( "\n" ); document.write( "so Mohan must have lent them money at 4.88% interest rate.
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