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A person deposited Rs. 500 for 4 years a...

A person 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

0.04

B

0.05

C

0.02

D

0.03

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