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A Rent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate of interest and received Rs. 2200 in all from both of them as interest. The rate of interest per annum is:

Correct Answer: 10%

Explanation:


 


Let the rate be R% p.a.


 


Then,  5000 × r × 2 100 + 3000 × r × 4 100 = 2200


 


Rate = 10% 


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