If simple interest on ₹ 600 for 4 years and on ₹ 600 for 2 years combined together is ₹ 180, find the rate of interest.
Aptitude
Simple Interest
Difficulty: Easy
Choose an option
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A4%
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B5%
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C5.5%
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D6.25%
Answer
Correct Answer: 5%
Explanation
### Concept & Additive Property of Simple Interest
When the principal and rate are the same, the simple interest earned over different periods can be calculated by combining the time periods.
$$SI_{total} = \frac{P \times R \times (T_1 + T_2)}{100}$$
### Step-by-Step Solution
* Given Principal, $P = \text{₹ } 600$
* Given Total Simple Interest, $SI = \text{₹ } 180$
* Given Time periods, $T_1 = 4 \text{ years}$ and $T_2 = 2 \text{ years}$
* Total effective time = $4 + 2 = 6 \text{ years}$.
* Apply the formula:
$180 = \frac{600 \times R \times 6}{100}$
$180 = 36 \times R$
$R = \frac{180}{36} = 5\%$
### Exam Strategy & Shortcut
Instead of computing two separate equations ($\frac{600 \times 4 \times R}{100} + \frac{600 \times 2 \times R}{100} = 180$), realize that earning interest on ₹ 600 for 4 years and then for another 2 years is perfectly identical to earning interest on ₹ 600 for 6 years straight. $600 \times 6\% \text{ of } R = 36R = 180 \rightarrow R=5$.
### Common Pitfall
Creating overly complex equations for each part independently can waste valuable time and increase the chance of algebraic errors.
### Final Answer
Therefore, the correct answer is **5%**.