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Q:

A person deposited ₹500 for 4 years and ₹ 600 for 3 years at the same rate of simple interest in a bank. Altogether he received ₹ 190 as interest. The rate of simple interest per annum was 

  • 1
    4 %
  • 2
    5 %
  • 3
    2 %
  • 4
    3 %
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Answer : 2. "5 % "

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