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Kapil deposited Rs 500 for 4 years and R...

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

A

`8%`

B

`6%`

C

`5%`

D

`9%`

Text Solution

Verified by Experts

The correct Answer is:
C
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