A person deposits Rs. 500 in 4 years and Rs. 600 for 3 years at the sa – McqOptions

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1.	A person deposits Rs. 500 in 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.	4%
B.	5%
C.	2%
D.	3%
Answer» B. 5%

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