A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 1000 for 6 years all at the same rate of simple interest. If he received the total simple interest of Rs. 1000, then what is the rate of interest per annum?

A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 10

1.	A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 1000 for 6 years all at the same rate of simple interest. If he received the total simple interest of Rs. 1000, then what is the rate of interest per annum?
A.	15%
B.	20%
C.	5%
D.	10%
Answer» E.

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A person deposited Rs. 500 for 2 years, Rs. 600 for 5 years and Rs. 1000 for 6 years all at the same rate of simple interest. If he received the total simple interest of Rs. 1000, then what is the rate of interest per annum?

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