Mathematics · Simple Interest
Mr. A and Mr. B borrowed Rs. 3,000 and Rs. 4,000 respectively from a money lender on the same day at the same rate of simple interest. Mr. A repaid the loan after 2 years and Mr. B after 4 years. If Mr. B paid Rs. 1,500 more interest than Mr. A, then what is the annual rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 18%
- 210.5%
- 312.5%
- 415%✓
Correct answer
15%
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest