Question

A person invested a sum of `10,500 at x% per annum at simple interest and a sum of `13,500 at (x + 2)% p.a. at simple interest. If the total interest earned on both the investments for 3 years is `7,650, then the rate of interest on the first investment is?

• A. 9.5%
• B. 9%
• C. 8.5%
• D. 8%

Answer 1

Answer: (A)