Mathematics · Simple Interest
A lender lends Rs. 10,000 at 8% per annum simple interest for t years and then lends an additional Rs. 5,000 at 12% per annum simple interest for the same period t. If the total simple interest at the end of t years is 5,400, find t (in years).
- 14.86 years
- 23.86 years✓
- 34.46 years
- 43.46 years
Correct answer
3.86 years
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