Ahaan lent Rs 1200 to Bhargav for 3 years at certain rate of simple interest.............then what is the percent rate ?

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Ahaan lent Rs 1200 to Bhargav for 3 years at certain rate of simple interest and Rs 1000 to Pulkit for the same time at the same rate.
If he gets Rs 50 more from Bhargav than from Pulkit , then what is the percent rate ?

posted Jan 8, 2016

P=P1-P2=1200-1000=200
I=50
T=3yrs
R=x%
I=P*T*R
50=200*3*x%
x=25/3%
Ans is 25/3%

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