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Answer: (C) 9%
Explanation
The total capital Ramesh possesses is ₹18,000. The capital is divided into three parts. The first part is ₹7,000, and the second part is ₹6,000. Therefore, the remaining capital is calculated as 18,000 - (7,000 + 6,000) = 5,000.
The simple interest for one year is calculated using the formula SI = (P · R · T)/(100). Since the time period is one year (T = 1), the interest from each part is: Interest from the first part: (7,000 · 5 · 1)/(100) = 350 Interest from the second part: (6,000 · 6 · 1)/(100) = 360
The sum of interest from these two parts is 350 + 360 = 710. Given that the total interest received at the end of the year is ₹1,160, the interest earned from the remaining capital of ₹5,000 must be 1,160 - 710 = 450.
To find the rate of interest (R) on the remaining capital, substitute the values into the simple interest formula: 450 = (5,000 · R · 1)/(100) 450 = 50 · R R = ⁴⁵⁰⁄₅₀ = 9%