Mathematics · Simple Interest
A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years at the same rate of simple interest. If he received a total of Rs. 2200 as interest from both, what is the annual rate of interest?
- 110%✓
- 28%
- 37%
- 45%
Correct answer
10%
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