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The total amount of interest received on...

The total amount of interest received on two deposits of Rs. 5,000 for 4 years and Rs 4,000 for 5 years, made at the same smiple rate of interest per annum was Rs. 2,400. Find the rate of interest per annum.

A

`4%`

B

`7%`

C

`6%`

D

`8%`

Text Solution

Verified by Experts

The correct Answer is:
C
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