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

A person deposited 500 for 4 years and 600 for 3 years at the same r

1.	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
A.	4%
B.	5%
C.	2%
D.	3%
Answer» C. 2%

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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

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